February 15, 2025

Section 212 of Income Tax Act, 2025 : Special provision for computation of total income of non-residents.

In sections 213 to 218,—(a) “foreign exchange asset” means any specified asset which the assessee has acquired or purchased with, or subscribed to in, convertible foreign exchange;(b) “investment income” means any income derived from a foreign exchange asset;(c) “long-term capital gains” means income chargeable under the head “Capital gains” relating to a capital asset, being