Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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>Section 115AC: 10% Tax on Non-Resident Income from Indian Bonds or Shares; No Return Required if Tax Withheld.</h1> Section 115AC, effective from April 1, 1993, addresses the taxation of income for non-residents from bonds or shares of Indian companies purchased in foreign currency. It imposes a 10% tax rate on income from interest or dividends and long-term capital gains from such securities. Non-residents are not required to file a tax return if their income solely consists of these sources and tax has been deducted at source. Deductions under certain sections are restricted if the gross total income consists only of such income. Provisions for computing long-term capital gains from these securities are also specified.
TaxTMI 
TaxTMI 
