Capital gains on specified securities paid to Foreign Institutional Investors qualify for non-deduction of tax at source. Non-deduction of tax at source applies to capital gains payable to a Foreign Institutional Investor from the transfer of securities referred to in Section ... Summary
Capital gains on specified securities paid to Foreign Institutional Investors qualify for non-deduction of tax at source.
Non-deduction of tax at source applies to capital gains payable to a Foreign Institutional Investor from the transfer of securities referred to in Section 210. Income from such securities is ordinarily subject to tax deduction at source, but deduction is not required where the payment constitutes capital gains. The exemption requires that the gains arise from transfer of the specified securities and that the recipient is a Foreign Institutional Investor.
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