https://www.taxtmi.com/acts?id=49810 Amendment provides a special tax computation for a resident employee of an Indian company or its subsidiary in a specified knowledge based industry or service holding Global Depository Receipts bought under notified Employees' Stock Option Schemes in foreign currency: dividends (excluding those under section 115 O) and long term capital gains from those GDRs are taxed separately, with the remaining income taxed as if those receipts were excluded. The rule lists illustrative industries and treats "subsidiary" per the Companies Act, 1956, including foreign subsidiaries. en-us Tue, 25 Feb 2025 14:17:19 +0530 Tue, 25 Feb 2025 14:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49810 Amendment provides a special tax computation for a resident employee of an Indian company or its subsidiary in a specified knowledge based industry or service holding Global Depository Receipts bought under notified Employees' Stock Option Schemes in foreign currency: dividends (excluding those under section 115 O) and long term capital gains from those GDRs are taxed separately, with the remaining income taxed as if those receipts were excluded. The rule lists illustrative industries and treats "subsidiary" per the Companies Act, 1956, including foreign subsidiaries. Act-Rules F. Acts / Amendment Acts Tue, 25 Feb 2025 14:17:19 +0530 https://www.taxtmi.com/acts?id=49810