(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) In the case of an assessee, being a non-resident Indian, where––(a) the gross total income consists only of investment income or income by way of long-term capital […]

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 the amounts mentioned in column C thereof. Sl. No. Income Type Income-Tax Payable 1 Income from investment or long-term capital gains (other than a specified

(1) Where, in case of an assessee, being a non-resident Indian,––(a) any long-term capital gains arises from the transfer of a foreign exchange asset (herein referred as original asset); and(b) within six months after the date of such transfer, he has invested the whole or any part of the net consideration in any specified asset

It shall not be necessary for a non-resident Indian to furnish a return of his income under section 263(1), if—(a) his total income during the tax year consisted only of investment income or income by way of long-term capital gains or both; and(b) the tax deductible at source under the provisions of Chapter XIX-B has

(1) Where a non-resident Indian in any tax year,––(a) becomes assessable as a resident in India in a subsequent tax year; and(b) furnishes a declaration in writing to the Assessing Officer along with his return of income under section 263for the tax year for which he is so assessable,to the effect that provisions of sections

(1) A non-resident Indian may choose not to be governed by the provisions of sections 212 to 217 for any tax year by declaring it in his return of income under section 263 for such tax year. and if he does so,—(a) the provisions of sections 212 to 217 shall not apply to him for

(1) Where a foreign company is engaged in the business of banking in India through its branch situated in India and such branch is converted into a subsidiary Indian company as per the scheme framed by the Reserve Bank of India, then, irrespective of anything contained in this Act and subject to the conditions as

(1) Where a foreign company is said to be a resident in India in any tax year and such company has not been a resident in India in earlier tax years, then, irrespective of anything in this Act and subject to the conditions as notified by the Central Government in this behalf, the provisions of

(1) Irrespective of anything contained in this Act, where a person being an investor of a securitisation trust, receives any income or any income accrues or arises to him, out of investments made in the securitisation trust, such income shall be chargeable to income-tax in the same manner as if, it were the income accruing

(1) Irrespective of anything contained in any other provision of this Act, where a person, out of investments made in a venture capital company or venture capital fund, receives any income, or any income accrues or arises to him, such income shall be chargeable to income-tax in the same manner as if, it were the