TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Non-residents investing in specified funds exempt from Section 139A if no other Indian income; documentation required.</h1> The provisions of section 139A of the Income Tax Act do not apply to non-residents, excluding companies, who invest in specified funds, provided they earn no other income in India and tax is deducted at source. They must provide personal and tax identification details to the specified fund. Similarly, eligible foreign investors trading in certain capital assets on recognized stock exchanges in International Financial Services Centres are exempt, given similar conditions and documentation requirements. Specified funds and stock brokers must submit quarterly electronic statements to tax authorities. Definitions for 'specified fund' and 'eligible foreign investor' are included.
TaxTMI 
TaxTMI 
