Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer

Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer – Section 115ACA https://www.taxtmi.com/manuals?id=2809 Taxation targets income and long term capital gains from Global Depositary Receipts acquired in foreign currency or transferred after acquisition, applying to resident individuals and employees in specified knowledge based industries and to GDRs issued under employee share schemes. The measure sets distinct tax treatment for dividends and long term gains, excludes indexation under the capital gains computation provisos for GDRs, and prescribes a rule for determination of exchange rates for conversion and reconversion of foreign currency for capital gains calculation. en-us Fri, 02 Jun 2023 12:18:00 +0530 Wed, 28 Aug 2024 18:48:00 +0530 TaxTMI RSS Generator Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer – Section 115ACA https://www.taxtmi.com/manuals?id=2809 Taxation targets income and long term capital gains from Global Depositary Receipts acquired in foreign currency or transferred after acquisition, applying to resident individuals and employees in specified knowledge based industries and to GDRs issued under employee share schemes. The measure sets distinct tax treatment for dividends and long term gains, excludes indexation under the capital gains computation provisos for GDRs, and prescribes a rule for determination of exchange rates for conversion and reconversion of foreign currency for capital gains calculation. Manuals Income Tax Fri, 02 Jun 2023 12:18:00 +0530 https://www.taxtmi.com/manuals?id=2809