TDS on long-term gains from specified bonds and GDR transfers applies to non-resident recipients without a threshold.

Tax deduction at source applies to long-term capital gains arising from a non-resident's transfer of specified bonds or Global Depository Receipts. Any person making the payment must deduct tax at 12.5%, and no monetary threshold is prescribed. The provision is confined to long-term capital gains, the specified assets, and non-resident recipients, and consolidates the corresponding earlier withholding framework.

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