TaxTMI Login
Just a moment...
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>Amendment to Section 115E: New Tax Rates on Investment Income and Long-Term Capital Gains for Non-Resident Indians</h1> Section 115E of the Income-tax Act is replaced, effective April 1, 1998, to address tax on investment income and long-term capital gains for non-resident Indians. It specifies that tax on investment income from non-specified assets is calculated at 20%, while tax on long-term capital gains is at 10%. Additionally, it includes the tax amount that would apply if the total income were reduced by the investment and capital gains income. This amendment aims to clearly define the tax obligations for non-resident Indians regarding these specific income types.
TaxTMI 
TaxTMI 
