No deduction for investment income of non-residents; deductions apply only after excluding such receipts from total income. No deduction is allowed in computing a non-resident Indian's investment income. If gross total income consists only of investment income or long-term capital gains, deductions under Chapter VIII are not available. If such receipts are included with other income, the gross total income is reduced by those investment-related amounts and Chapter VIII deductions are allowed as if that 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.
No deduction for investment income of non-residents; deductions apply only after excluding such receipts from total income.
No deduction is allowed in computing a non-resident Indian's investment income. If gross total income consists only of investment income or long-term capital gains, deductions under Chapter VIII are not available. If such receipts are included with other income, the gross total income is reduced by those investment-related amounts and Chapter VIII deductions are allowed as if that reduced amount were the gross total income.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
