https://www.taxtmi.com/acts?id=47869 Section 115AB prescribes a separate tax computation for an overseas financial organisation: income from units purchased in foreign currency and long term capital gains on their transfer are each taxed at a specified flat rate while the remaining income is taxed after excluding those amounts; deductions are disallowed if gross income consists solely of such income, and where such income is partial the amount is excluded for the purpose of allowing Chapter VI A deductions as if the reduced gross total income were the assessee's gross total income. en-us Mon, 27 Jan 2025 13:09:16 +0530 Mon, 27 Jan 2025 16:22:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47869 Section 115AB prescribes a separate tax computation for an overseas financial organisation: income from units purchased in foreign currency and long term capital gains on their transfer are each taxed at a specified flat rate while the remaining income is taxed after excluding those amounts; deductions are disallowed if gross income consists solely of such income, and where such income is partial the amount is excluded for the purpose of allowing Chapter VI A deductions as if the reduced gross total income were the assessee's gross total income. Act-Rules F. Acts / Amendment Acts Mon, 27 Jan 2025 13:09:16 +0530 https://www.taxtmi.com/acts?id=47869