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of <h1>Nonresident bonds/GDRs bought in foreign currency taxed: interest and GDR dividends 10%, long-term gains 12.5%; documentation required.</h1> Both texts impose special tax treatment for non-resident holders of bonds or Global Depository Receipts (GDRs) purchased in foreign currency: interest and GDR dividends taxed at 10%, long-term capital gains at 12.5%, with residual income taxed at prevailing rates. The enacted section clarifies computation as 'income-tax computed at the rate specified' (reducing ambiguity versus the Bill), adjusts cross-references (notably the GDR definition and the list of excluded deduction sections), and preserves procedural rules on deductions, return filing exceptions and amalgamation; purchasers and intermediaries must document foreign-currency acquisition and approved-intermediary status.
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