Tax on investment income and long term gains: distinct rates apply to each income category for non resident taxpayers. Taxation for a non-resident Indian separates income into specified categories: investment income taxed at a dedicated rate; long-term capital gains on specified assets taxed at a separate concessional rate; and the remainder of total income, after excluding those categories, taxed at the rates otherwise in force. The aggregate income-tax payable is the sum of tax computed on each category at its prescribed rate.
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 investment income and long term gains: distinct rates apply to each income category for non resident taxpayers.
Taxation for a non-resident Indian separates income into specified categories: investment income taxed at a dedicated rate; long-term capital gains on specified assets taxed at a separate concessional rate; and the remainder of total income, after excluding those categories, taxed at the rates otherwise in force. The aggregate income-tax payable is the sum of tax computed on each category at its prescribed rate.
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