Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure 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-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Tax on foreign investor securities income: specified rates apply to securities, short term and long term capital gains. The provision separates income from securities and capital gains, prescribing distinct tax rates for securities income, short term capital gains, and long term capital gains, with special rates for certain interest and transitional rates for gains tied to specified transfer dates. Tax is calculated by aggregating the amounts chargeable on securities income and on short term and long term gains and applying the residual tax to the remaining income after reducing total income by those amounts. Where gross income consists only of securities income, specified deductions are disallowed; otherwise gross total income is reduced by such income for deduction purposes. Definitions and attribution rules limit applicability to specified funds and portions attributable to non resident unit holders or qualifying offshore banking unit investment divisions.
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.
Tax on foreign investor securities income: specified rates apply to securities, short term and long term capital gains.
The provision separates income from securities and capital gains, prescribing distinct tax rates for securities income, short term capital gains, and long term capital gains, with special rates for certain interest and transitional rates for gains tied to specified transfer dates. Tax is calculated by aggregating the amounts chargeable on securities income and on short term and long term gains and applying the residual tax to the remaining income after reducing total income by those amounts. Where gross income consists only of securities income, specified deductions are disallowed; otherwise gross total income is reduced by such income for deduction purposes. Definitions and attribution rules limit applicability to specified funds and portions attributable to non resident unit holders or qualifying offshore banking unit investment divisions.
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