Section 209 - Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer.

Tax on income from bonds and Global Depository Receipts purchased in foreign currency is subject to specified withholding rates.

Interest on eligible bonds and dividends on Global Depository Receipts purchased in foreign currency through an approved intermediary are taxed at 10%, long term capital gains on those assets at 12.5%, and the non resident's remaining income at rates in force; deduction restrictions apply where gross total income consists solely of such interest or dividends, specified income is to be excluded for computing deductions under Chapter VIII, section 72(6) is inapplicable to such long term capital gains, return filing may be excused if tax has been deducted under Chapter XIX B, and the rules cover acquisitions by amalgamation with defined terms for approved intermediary and GDRs.