https://www.taxtmi.com/acts?id=3211 Section 115ACA establishes a specialised tax regime for resident employees of qualifying knowledge based companies whose income includes dividends on Global Depository Receipts purchased in foreign currency or long term capital gains on their transfer. Tax payable is the aggregate of a flat tax on such dividends, a flat tax on such long term capital gains, and the tax chargeable had the assessee's total income been reduced by those GDR related amounts; the section also modifies deduction and capital gains computation rules and supplies operative definitions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 14:24:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3211 Section 115ACA establishes a specialised tax regime for resident employees of qualifying knowledge based companies whose income includes dividends on Global Depository Receipts purchased in foreign currency or long term capital gains on their transfer. Tax payable is the aggregate of a flat tax on such dividends, a flat tax on such long term capital gains, and the tax chargeable had the assessee's total income been reduced by those GDR related amounts; the section also modifies deduction and capital gains computation rules and supplies operative definitions. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3211