Tax on income of Foreign Institutional Investor (FII) – Section 115AD

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....be chargeable as under: - Nature of income Rate of tax (i) income received in respect of securities (other than unit referred to in section 115AB) [ U/s 115AD(1)(a)] FII 20% Specified Fund 10% (ii) Short-Term Capital Gains [ U/s 115AD(1)(b)] 30% (iii) Short-Term Capital Gains u/s 111A [ U/s 115AD(1)(b)] 15% [ Upto 22.07.2024 ] 20% [ From 23.07.2024 Amended vide&nbsp....

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.... financial year Rs. 1,25,000/- [ Section 36 of the Finance (No. 2) Act, 2024 ]. * Higher Surcharge @25% and 37% not applicable in case of above dividend & Capital Gain (STCG & LTCG). It means maximum surcharge rate on dividend & above capital gain is 15% in case of AOP/BOI. * where the total income of a person, being a specified fund referred to in in section 10(4D) of the Income-tax....

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....19, Calculated in such manner as prescribed. [w.e.f. AY 2022-23] * Where the Gross Total Income of the assessee includes income in respect of securities mentioned u/s 115AD(1)(a) neither deduction u/s 28 to 44C nor u/s 57(i) or (iii), nor under chapter VI-A shall be allowed from such income. Further, no deduction under chapter VI-A shall be allowed from such short-term or Long-Term Capital ....