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of <h1>Non-resident Indian: investment income or long-term capital gains barred from Chapter VIII deductions unless mixed with other income</h1> For a non-resident Indian, investment income is computed without any deduction for expenditure or allowances. If the assessee's gross total income consists solely of investment income or long-term capital gains (or both), no deductions under Chapter VIII are permitted. Where the gross total income includes such investment income or long-term capital gains alongside other income, the gross total income is first reduced by the investment/LTCG component, and deductions under Chapter VIII are then allowed as if that reduced amount were the assessee's gross total income.
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