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>Tax Rate on GDR Income for Residents in Knowledge Industries to Increase from 10% to 12.5% After July 2024.</h1> Section 115ACA of the Income Tax Act addresses the taxation of income from Global Depository Receipts (GDRs) purchased in foreign currency or capital gains from their transfer. Resident individuals employed by Indian companies or subsidiaries in specified knowledge-based industries are taxed at a rate of 10% on dividends from GDRs and long-term capital gains until July 22, 2024, after which the rate increases to 12.5%. Specified industries include IT, entertainment, pharmaceuticals, biotechnology, and others designated by the government. GDRs are instruments issued by overseas banks against shares or bonds of companies listed in India or abroad.
TaxTMI 
TaxTMI 
