Tax on mutual fund income from units bought in foreign currency now subject to a specified flat tax when included. Amendment adds a new clause taxing income from units of a mutual fund purchased in foreign currency and provides a companion clause requiring application of a specified flat tax on that income when included in total income; it also omits one clause in the Explanation and reletters another to adjust explanatory numbering.
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.
Tax on mutual fund income from units bought in foreign currency now subject to a specified flat tax when included.
Amendment adds a new clause taxing income from units of a mutual fund purchased in foreign currency and provides a companion clause requiring application of a specified flat tax on that income when included in total income; it also omits one clause in the Explanation and reletters another to adjust explanatory numbering.
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