TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>GDR dividend tax and LTCG rules for resident employees of specified knowledge-based companies: 10% dividends, 12.5% LTCG, Section 72(6) excluded</h1> For resident employees of specified knowledge-based Indian companies or their subsidiaries, the Act taxes dividends on Global Depository Receipts purchased in foreign currency at 10% and long-term capital gains on their transfer at 12.5%, while the remainder of taxable income is subject to prevailing rates; GDR incomes are segregated from gross total income for deduction computation (and if gross total income consists solely of GDR dividends no other deductions are allowed), section 72(6) is excluded for these LTCG, definitions and Central Government notification powers are specified, and the Act's wording chiefly clarifies that table column C denotes applicable rates rather than absolute amounts.
TaxTMI 
TaxTMI 