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of <h1>Tax Break for Tech Talent: Concessional Rates on GDR Income Under Employee Stock Option Schemes Boost Knowledge Sector Participation</h1> Concise Legal Summary:A new tax provision addresses income from Global Depository Receipts (GDRs) for resident employees in knowledge-based industries. The legislation maintains a targeted approach, offering concessional tax rates of 10% on dividends and 12.5% on long-term capital gains for GDRs purchased in foreign currency under approved Employee Stock Option Schemes. The provision aims to incentivize employee participation in equity, support knowledge-driven sectors, and align with international corporate practices while maintaining regulatory oversight through government notifications.
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