Section 115E prescribes special 20% tax rates for non-resident Indians on investment income and capital gains
Section 115E of the Income Tax Act, 1961 prescribes special tax rates for non-resident Indians on specific income types. Investment income and long-term capital gains from non-specified assets are taxed at 20 percent, while long-term capital gains are taxed at 10 percent. The total tax liability is calculated as the aggregate of tax on these specified incomes at their respective rates plus tax on remaining income at regular rates. This provision ensures differential taxation for non-residents' investment-related income compared to other income sources.
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