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of <h1>Special tax regime: 10% tax on nonresident foreign-currency unit income and 12.5% long-term capital gains, limited deductions</h1> A special regime taxes nonresident funds' income from units purchased in foreign currency at 10% and long-term capital gains on their transfer at 12.5%, with remaining income taxed under ordinary rules; the statutory scheme requires SEBI-approved arrangements with specified Indian entities and limits deductions when gross income consists solely of the specified unit incomes. The enacted Act clarifies that column C in the tax table states rates and narrows the list of disallowed deduction sections compared with the original Bill, reducing the scope of deduction denial; otherwise the Bill and Act are substantively aligned in design and compliance implications.
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