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of <h1>Clause 193: New Tax Rates on Global Depository Receipts for Indian Employees in Knowledge-Based Industries under Income Tax Bill 2025.</h1> Clause 193 of the Income Tax Bill, 2025, outlines tax provisions for income from Global Depository Receipts (GDRs) purchased in foreign currency or capital gains from their transfer. For resident employees of Indian companies in specified knowledge-based industries, a 10% tax applies to dividends from GDRs, and a 12.5% tax applies to long-term capital gains from their transfer. No deductions are allowed if the gross income consists solely of such dividends. The clause defines terms like GDRs, information technology services, and specified industries, and clarifies that section 72(6) does not apply to these capital gains.
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