Determination of income of a specified fund attributable to units held by non-residents under section 210(2)

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....-term capital gains, referred to in section 210(1) [Table: Sl. Nos. 2 to 5], that is attributable to the units held by a nonresident (other than the permanent establishment of a non-resident in India), shall be calculated using the following formula:- A = B x C Where,- A = income attributable to the units held by non-resident (not being the permanent establishment of a n....

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.... X = Y x Z Where,- X = income attributable to the units held by non-resident (not being the permanent establishment of a non-resident in India); Y = income received in respect of securities; and Z = ratio of the "assets under management" in the specified fund held by non-resident unit holders (not being the permanent establishment of a non-resident in India....