Taxation of Foreign Institutional Investors: income from listed securities and capital gains taxed under specified rates, with restricted deductions. Section 115AD creates a special tax regime for specified Foreign Institutional Investors: income from listed securities and short term and long term capital gains on their transfer are taxed at specified flat rates, with tax also computed on remaining income after excluding those components; deductions are restricted where gross income consists only of such securities income and otherwise Chapter VI A deductions apply to a reduced gross total income; the first and second provisos to section 48 do not apply to computation of these capital gains; definitions of 'Foreign Institutional Investor' and 'securities' are by notification and statutory definition respectively.
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.
Taxation of Foreign Institutional Investors: income from listed securities and capital gains taxed under specified rates, with restricted deductions.
Section 115AD creates a special tax regime for specified Foreign Institutional Investors: income from listed securities and short term and long term capital gains on their transfer are taxed at specified flat rates, with tax also computed on remaining income after excluding those components; deductions are restricted where gross income consists only of such securities income and otherwise Chapter VI A deductions apply to a reduced gross total income; the first and second provisos to section 48 do not apply to computation of these capital gains; definitions of "Foreign Institutional Investor" and "securities" are by notification and statutory definition respectively.
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