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of <h1>Income Tax Bill 2025: Clause 209 Sets 10% Tax on Non-Residents' Bond Interest, 12.5% on Capital Gains</h1> Clause 209 of the Income Tax Bill, 2025, outlines tax provisions for non-residents and foreign companies on income from bonds and Global Depository Receipts (GDRs) purchased in foreign currency. The tax rate is 10% on interest from specified bonds and dividends from GDRs, and 12.5% on long-term capital gains from their transfer. Deductions are restricted for income solely from these sources. Non-residents may not need to file returns if their income is limited to these categories and tax is deducted at source. The clause also covers tax implications for GDRs or bonds acquired through company restructuring.
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