Special tax rates for investment income of non-resident Indians differentiate specified-asset long-term gains from other investment gains. Clause 214 imposes a special tax regime for a non-resident Indian: investment income and long term capital gains on assets other than a specified asset ... Summary
Special tax rates for investment income of non-resident Indians differentiate specified-asset long-term gains from other investment gains.
Clause 214 imposes a special tax regime for a non-resident Indian: investment income and long term capital gains on assets other than a specified asset are taxed at a higher special rate, long term capital gains on a specified asset are taxed at a lower special rate, and the Income tax payable on total income is the aggregate of the amounts specified in the table, with remaining total income taxed under the general charging provision.
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