Long-term capital gains withholding requires deduction on specified bond and Global Depository Receipt transfers paid to non-residents. Tax deduction at source applies to long-term capital gains received by a non-resident from transferring bonds or Global Depository Receipts covered by ... Summary
Long-term capital gains withholding requires deduction on specified bond and Global Depository Receipt transfers paid to non-residents.
Tax deduction at source applies to long-term capital gains received by a non-resident from transferring bonds or Global Depository Receipts covered by section 209. Any person responsible for making the payment must deduct tax at 12.5%. No monetary threshold is prescribed. The mechanism corresponds to the earlier framework under section 196C read with section 115AC and is confined to gains arising from transfers of the specified bonds or Global Depository Receipts.
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