Foreign exchange asset definitions clarify taxable investment income and long-term capital gains treatment for non-resident individuals. Defines terms for taxation of assets held in convertible foreign exchange: foreign exchange asset means a specified asset acquired with convertible foreign exchange; investment income is income from a foreign exchange asset; long-term capital gains are capital gains from a foreign exchange asset that is not short-term. Non-resident Indian is a non-resident individual who is a citizen of India or person of Indian origin. Specified asset includes shares, certain debentures, certain deposits with Indian companies, Central Government securities, and other assets notified by the Central Government.