TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 115AB: Tax Rules for Non-Residents on Income from Units and Capital Gains in Foreign Currency</h1> Section 115AB outlines the tax implications for non-residents, specifically Overseas Financial Organisations, on income from units purchased in foreign currency and capital gains from their transfer. Income from such units is taxed at 10%, while long-term capital gains are taxed at 10% until July 22, 2024, and 12.5% thereafter. Indexation benefits are not applicable, and no deductions under sections 28 to 44C are allowed. Short-term capital gains on equity-oriented funds are taxed at 15% until July 22, 2024, and 20% thereafter. Tax Deducted at Source (TDS) applies to long-term capital gains, with no exemptions for filing returns.
TaxTMI 
TaxTMI 
