Long-term capital gains for non-residents follow asset-specific tax treatment, section 48 adjustments, and STT-based exemptions. Long-term capital gains for non-residents are determined by the nature of the asset, the mode and currency of acquisition, and the availability of section 48 provisos. Listed equity shares, unlisted equity shares, units of mutual funds and business trusts, bonds and debentures, and other assets are each assigned different tax treatments, including exemption in specified STT-paid cases, flat-rate taxation in several categories, and indexation-based computation where applicable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Long-term capital gains for non-residents follow asset-specific tax treatment, section 48 adjustments, and STT-based exemptions.
Long-term capital gains for non-residents are determined by the nature of the asset, the mode and currency of acquisition, and the availability of section 48 provisos. Listed equity shares, unlisted equity shares, units of mutual funds and business trusts, bonds and debentures, and other assets are each assigned different tax treatments, including exemption in specified STT-paid cases, flat-rate taxation in several categories, and indexation-based computation where applicable.
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