Tax on income from units purchased in foreign currency or capital gains arising from their transfer - Section 115AB

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....n also known as Offshore Funds includes: - Nature of Income Rate of Tax (a) Income received in respect of units purchased in foreign currency 10% (b) Income by way of long-term capital gains arising from the transfer of units purchased in foreign currency 10% [ Upto 22.07.2024 ] 12.5% [ From 23.07.2024 ] [ Substituted vide Finance (No. 2) Act, 2024 ] (c) On the balance income included in t....

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....ains on units of equity oriented fund * Upto 31.03.2024 is exceeding ₹ 1,00,000/- shall be taxable @10% u/s 112A * After 01.04.2024 is excedding ₹ 1,25,000/- Shall be taxable @10% upto 22.07.2024 thereafter @12.5%. * provided securities transaction tax has been paid on the sale of such units. * Short Term Capital Gains on units of equity oriented fund * Upto 22.07.2024 taxabl....