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of <h1>Union Budget 2025-26: Proposed Tax Rate Change for Non-Residents' Long-Term Capital Gains Under Section 115AD</h1> The Union Budget 2025-26 proposes amendments to the taxation of capital gains for non-residents under Section 115AD of the Income Tax Act. Previously, long-term capital gains from securities not covered by Section 112A were taxed at 10%, while the Finance (No.2) Act, 2024, increased this rate to 12.5% for all assessees. The new proposal aims to align the tax rate for non-residents' long-term capital gains on certain securities with this 12.5% rate. These changes will be effective from April 1, 2026, impacting the assessment year 2026-27 and onwards.
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