Long-term capital gains on foreign exchange assets defined as capital gains from non-short-term assets under non-resident provisions. Long-term Capital Gains are defined, for non-resident special provisions, as income chargeable under the head 'Capital gains' from a capital asset that is a foreign exchange asset and which is not a short-term capital asset, thereby distinguishing such gains for tax characterization and treatment under the Chapter.
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 on foreign exchange assets defined as capital gains from non-short-term assets under non-resident provisions.
Long-term Capital Gains are defined, for non-resident special provisions, as income chargeable under the head "Capital gains" from a capital asset that is a foreign exchange asset and which is not a short-term capital asset, thereby distinguishing such gains for tax characterization and treatment under the Chapter.
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