Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer.

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....essee, being an individual, who is a resident and an employee of an Indian company engaged in specified knowledge based industry or service, or an employee of its subsidiary engaged in specified knowledge based industry or service (hereafter in this section referred to as the resident employee), includes income specified in column B of the Table below, the income-tax payable shall be the aggregate....

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....rred to in sub-section (1)(Table: Sl. No. 1), no deduction shall be allowed to him under any other provision of this Act; (b) includes any income referred to in sub-section (1)(Table: Sl. No. 1) and (Table: Sl. No. 2),-- (i) the gross total income shall be reduced by such income; and (ii) the deduction under any provision of this Act shall be allowed as if the gross total income as so reduce....

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....pany incorporated outside India, if such depository receipt or certificate is listed and traded on any International Financial Services Centre; (b) "information technology service" means any service which results from the use of any information technology software over a system of information technology products for realising value addition; (c) "information technology software" means any repr....