June 16, 2023

Section 115E of Income Tax Act 1961

Section 115E of Income Tax Act 1961

Tax on investment income and long-term capital gains Where the total income of an assessee, being a non-resident Indian, includes—  (a) any income from investment or income from long-term capital gains of an asset other than a specified asset;  (b) income by way of long-term capital gains, the tax payable by him shall be the […]

Section 115D of Income Tax Act 1961

Section 115D of Income Tax Act 1961

Special provision for computation of total income of non-residents (1) No deduction in respect of any expenditure or allowance shall be allowed under any provision of this Act in computing the investment income of a non-resident Indian. (2) Where in the case of an assessee, being a non-resident Indian,—  (a) the gross total income consists

Section 115C of Income Tax Act 1961

Section 115C of Income Tax Act 1961

SPECIAL PROVISIONS RELATING TO CERTAIN INCOMES OF NON-RESIDENTS In this Chapter, unless the context otherwise requires,—  (a) “convertible foreign exchange” means foreign exchange which is for the time being treated by the Reserve Bank of India as convertible foreign exchange for the purposes of the Foreign Exchange Management Act, 1999 (42 of 1999), and any

Section 115BBJ of Income Tax Act 1961

Section 115BBJ of Income Tax Act 1961

Tax on winnings from online games Notwithstanding anything contained in any other provisions of this Act, where the total income of an assessee includes any income by way of winnings from any online game, the income-tax payable shall be the aggregate of—   (i) the amount of income-tax calculated on net winnings from such online games during