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. https://www.taxtmi.com/acts?id=49191 Imposes a special tax regime for resident employees of companies in a specified knowledge based industry or service on income from Global Depository Receipts purchased in foreign currency and on long term capital gains from their transfer; prescribes separate tax treatment for GDR dividends and GDR long term capital gains, requires exclusion of those amounts from gross total income for deduction computation where both arise, disallows other deductions if income consists only of specified GDR dividends, and provides definitions and an exception to the listed provision for computing long term capital gains. en-us Fri, 14 Feb 2025 17:31:55 +0530 Fri, 14 Feb 2025 17:31:55 +0530 TaxTMI RSS Generator Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer. https://www.taxtmi.com/acts?id=49191 Imposes a special tax regime for resident employees of companies in a specified knowledge based industry or service on income from Global Depository Receipts purchased in foreign currency and on long term capital gains from their transfer; prescribes separate tax treatment for GDR dividends and GDR long term capital gains, requires exclusion of those amounts from gross total income for deduction computation where both arise, disallows other deductions if income consists only of specified GDR dividends, and provides definitions and an exception to the listed provision for computing long term capital gains. Act-Rules Bills Fri, 14 Feb 2025 17:31:55 +0530 https://www.taxtmi.com/acts?id=49191