Section 115A : Special Rates of Tax for Non-resident : Special Tax Rates on Interest, Royalty , Fees for Technical Services Received by Non Resident / Foreign Company : Royalty/Fees For Technical…
Category: Non-Resident Taxation
Section 9(1)(v) | Taxation of Deemed Interest Income
Section 9(1)(v): Taxation of Deemed Interest Income : If interest is payable by: – Indian Government Resident person [Exception: where money borrowed and used, for the purposes of a business or profession…
Section 9(1)(i) | Income Through Business Connection in India
Income Through Business Connection in India : Business Connections means a person acting on behalf of NR: Must have an authority, which is habitually exercised in India, to conclude contracts on behalf…
Section 9(1)(vi): Taxation of Royalty Income [Newly Inserted]
Sec 9(1)(vi): Taxation of Royalty income : If royalty payable by Indian Government Resident person [Exception: Where it is payable for the transfer of any right or the use of any property…
Section 9(1)(vii): Taxation of Fees For Technical Services (FTS)
Sec 9(1)(vii): Fees For Technical Services (FTS) If fees for technical service (FTS) payable by:- a. Government b. Resident person [Exception: Where the fees is payable in respect of technical services utilised…
Section- 9A of Income Tax Act | Eligible Fund Manager in India
Section 9A: Presence of Eligible Fund Manager in India not to constitute Business Connection : In the case of an eligible investment fund, the fund management activity carried out through an eligible…
Section 115C of Income Tax Act [ Newly Inserted Section ]
Section 115C of Income Tax : Special provision of applicable non-resident Indian. This provision is optional for the NRI. Non -resident means citizen of India who is a non-resident; a person of…
Section 115D | Computation of Total Income of Non-residents
Special provision for computation of total income of Non-residents : The computation of total income of non-residents is given below for the computation of total income of Non-resident Section 28 to 44C,…
Section 115E : Tax on Investment Income and Long-Term Capital Cains
Section 115E : Tax on Investment Income and Long-Term Capital Cains : Where the total income of an assessee, being a non-resident Indian, includes— A. any income from investment or income from…
Section 115F: Exemption on Long Term capital Gain on Transfer of Forex Assets
Section 115F: Exemption on Long Term capital Gain : LTCG on FOREX asset shall be exempt if net consideration is utilized for acquiring other FOREX assets or Saving Certificate u/s 10(48) with…
Section 115AB: Income & Long Term Capital Gain to “Overseas financial Organization”
Section 115AB: Income & LTCG to “Overseas financial Organization” : Income & LTCG to “Overseas financial Organization” on units of UTI/MF acquired in foreign currency-10% Taxable. Notes “Overseas Financial Organisation” means any…
Section 115AC: LTCG & Interest/Dividend from Bonds & GDR
Sec 115AC: Long term capital gain & Interest/Dividend from Bonds & GDR : Income received by Non Residents on Bonds of Indian Company, or GDR acquired in foreign currency. Notes: Where the…
Sec 115ACA: Tax on Income/ Capital Gain From GDRs Purchased in Foreign Currency
Sec 115ACA: Tax on income/Capital gain from GDRs purchased in foreign currency : Income received by resident employees of an Indian company or its subsidiary engaged in specified industry & GDR issued…
Section 115AD | Income Tax on Income of Foreign Investor
Section 115AD: Capital Gain & Interest/dividend on Security of FII/Specified Fund : Income received by Foreign Institutional Investors (FII) or specified fund on securities (other than units of UTI/MF). Notes: In case…
Sec 115AC: Taxation of Bonds or Global Depository Receipts
Taxation of GDR Section 115AC: Tax on income from Bonds or global depository receipts (GDR) Purchased in foreign currency or capital Gain to Non-resident. Where Income of an assesse being NR (includes…
