Capital gains tax on long-term asset transfers for non-resident investors introduces a distinct taxable threshold and rate application. Amendment imposes a distinct tax treatment on capital gains arising to Foreign Institutional Investors by modifying section 115AD to provide that income from transfer of long-term capital assets referred to in section 112A is taxed by calculating tax on the portion of such income exceeding the specified threshold, thereby creating a thresholded charge for those capital gains within the non-resident institutional investor tax framework.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital gains tax on long-term asset transfers for non-resident investors introduces a distinct taxable threshold and rate application.
Amendment imposes a distinct tax treatment on capital gains arising to Foreign Institutional Investors by modifying section 115AD to provide that income from transfer of long-term capital assets referred to in section 112A is taxed by calculating tax on the portion of such income exceeding the specified threshold, thereby creating a thresholded charge for those capital gains within the non-resident institutional investor tax framework.
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