Capital gains on specified securities payable to Foreign Institutional Investors qualify for tax deduction at source exemption. Non-deduction of tax at source applies where capital gains arising from transfer of securities referred to in Section 210 are payable to a Foreign ... Summary
Capital gains on specified securities payable to Foreign Institutional Investors qualify for tax deduction at source exemption.
Non-deduction of tax at source applies where capital gains arising from transfer of securities referred to in Section 210 are payable to a Foreign Institutional Investor. Income in respect of securities payable to an FII is ordinarily subject to withholding, but no deduction is required where it constitutes such capital gains. Eligibility requires capital gains, transfer of the specified securities, and receipt by an FII.
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