Capital gains on specified securities payable to Foreign Institutional Investors qualify for no tax deduction at source. No deduction of tax at source applies to capital gains arising from transfer of securities referred to in Section 210 where the income is payable to a ... Summary
Capital gains on specified securities payable to Foreign Institutional Investors qualify for no tax deduction at source.
No deduction of tax at source applies to capital gains arising from transfer of securities referred to in Section 210 where the income is payable to a Foreign Institutional Investor. Although income in respect of such securities is ordinarily subject to tax deduction at source, the exemption is available only if the income constitutes capital gains, arises from transfer of the specified securities, and is payable to a Foreign Institutional Investor.
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