Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Tax on Global Depository Receipts: dividends and capital gains taxed at specified flat rates plus adjusted residual tax. Section 115ACA establishes a specialised tax regime for resident employees of qualifying knowledge based companies whose income includes dividends on ... Summary
Tax on Global Depository Receipts: dividends and capital gains taxed at specified flat rates plus adjusted residual tax.
Section 115ACA establishes a specialised tax regime for resident employees of qualifying knowledge based companies whose income includes dividends on Global Depository Receipts purchased in foreign currency or long term capital gains on their transfer. Tax payable is the aggregate of a flat tax on such dividends, a flat tax on such long term capital gains, and the tax chargeable had the assessee's total income been reduced by those GDR related amounts; the section also modifies deduction and capital gains computation rules and supplies operative definitions.
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