Section 214 Tax on investment income and long-term capital gains
- Part
- E.—Special provisions relating to non-residents and foreign companies
The income-tax payable on the total income of an assessee, being a non-resident Indian, which includes income specified in column B of the Table below, shall be the aggregate of income-tax computed at the rate specified in the column C applied on the corresponding income specified in column B.
Table
Sl. No.
Income
Rate of Income-tax payable
A
B
C
1.
Income from investment.
20%
2.
Income from long-term capital gains on specified asset.
12.5%
3.
Total income as reduced by income referred to against serial numbers 1 and 2.
Rates in force.