Non-resident investment income treatment: investment income excluded from deductions and deductions recomputed on reduced gross income. For a non-resident Indian, no deduction is allowed in computing investment income. If gross total income consists only of investment income or long-term capital gains, Chapter VIII deductions are disallowed. If gross total income includes such income, the investment income is excluded and Chapter VIII deductions are allowed as if the reduced amount were the gross total income.
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.
Non-resident investment income treatment: investment income excluded from deductions and deductions recomputed on reduced gross income.
For a non-resident Indian, no deduction is allowed in computing investment income. If gross total income consists only of investment income or long-term capital gains, Chapter VIII deductions are disallowed. If gross total income includes such income, the investment income is excluded and Chapter VIII deductions are allowed as if the reduced amount were the gross total income.
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