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of <h1>Amendment to Section 115AD: 10% Tax Rate on Long-Term Capital Gains for FIIs Over One Lakh Rupees from 2019.</h1> Section 115AD of the Income-tax Act is amended to address the taxation of income from Foreign Institutional Investors (FIIs) related to securities or capital gains. Effective from April 1, 2019, the amendment specifies that for income arising from the transfer of a long-term capital asset as per section 112A, a 10% income tax rate will apply to income exceeding one lakh rupees. This change applies to the assessment year 2019-2020 and subsequent years, impacting how FIIs are taxed on certain capital gains.
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