Special provisions for payment of tax by certain persons other than a company (1) Notwithstanding anything contained in this Act, where the regular income-tax payable for a previous year by a person, other than a company, is less than the alternate minimum tax payable for such previous year, the adjusted total income shall be deemed […]

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

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

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

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

Specified income of certain institutions (1) Where the total income of an assessee, being a person in receipt of income on behalf of any fund or institution referred to in sub-clause (iv) or any trust or institution referred to in sub-clause (v) or any university or other educational institution referred to in sub-clause (vi) or

Tax on income from transfer of carbon credits (1) Where the total income of an assessee includes any income by way of transfer of carbon credits, the income-tax payable shall be the aggregate of—  (a) the amount of income-tax calculated on the income by way of transfer of carbon credits, at the rate of ten

Tax on income from patent (1) Where the total income of an eligible assessee includes any income by way of royalty in respect of a patent developed and registered in India, the income-tax payable shall be the aggregate of—  (a) the amount of income-tax calculated on the income by way of royalty in respect of

Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D. (1) Where the total income of an assessee,— (a) includes any income referred to in section 68, section 69, section 69A, section 69B, section 69C or section 69D and reflected in the return of income furnished under section 139; or (b)

Tax on certain dividends received from domestic companies (1) Notwithstanding anything contained in this Act, where the total income of a specified assessee, resident in India, includes any income in aggregate exceeding ten lakh rupees, by way of dividends declared, distributed or paid by a domestic company or companies on or before the 31st day