Sections |
Nature of income |
Deductionsunder sections 28 to 44C |
Whetherthe benefit of computing capital gain in foreign currency as provided by the first proviso to section 48 and the rule of indexation as provided by the second proviso to section 48 are applicable |
Deduction under sections 80CCC to 80U |
Tax Rate |
It is necessary to summit return of income |
115A(1)(a) |
The following incomes in the case of a non-resident non-corporate assessee or a foreign company— |
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a. dividend |
Not Available |
- |
Not Available |
20% |
Note -1 |
b. interest received from Government or an Indian concern on monies borrowed or debt incurred by Government or the Indian currency |
Not Available |
- |
Not Available |
20% |
Note -1 |
c. interest received from an infrastructure debt referred to in section 10(47) |
Not Available |
- |
Not Available |
5% |
Note -1 |
d. interest as referred to in section 194LC / 194LD / 194 LBA(2) |
Not Available |
- |
Not Available |
5% |
Note -1 |
e. income received in respect of units, purchased in foreign currency of a Mutual Fund specified under clause(23D) of section 10 or of the Unit Trust of India |
Not Available |
- |
Not Available |
20% |
Note -1 |
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115A(1)(b) |
Royalty or technical fees of a non-resident non-corporate assesse or a foreign company |
- |
- |
- |
- |
Yes |
115AB |
The following incomes of an assessee, being an overseas financial organization — |
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a. income received in respect of units purchased in foreign currency |
Not Available |
- |
Not Available |
10% |
Yes |
b. income by way of long-term capital gains arising from the transfer of units purchased in foreign currency |
- |
First proviso is applicable but second proviso to section 48 is not applicable |
Not Available |
10% |
Yes |
115AC |
The following incomes of a non-resident: |
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a. income by way of interest or dividends (not being dividend referred to in section 115-O), on bonds or Global Depository Receipts
of an Indian company issued in accordance with the notified scheme, i.e.,Foreign Currency Convertible Bonds and Ordinarily Global Depository Receipts (Through Depository Receipt Mechanism) Scheme, 1993/Issue of Foreign Currency Exchangeable Bonds Scheme, 2008 or (with effect from October 1, 1996) on bonds/Global Depository Receipts of a public sector company sold by the Government and purchased
by him in foreign currency |
Not Available |
- |
Not Available |
10% |
Note-1 |
b. income by way of long-term capital gains arising from transfer of bonds or, as the case maybe, shares referred above |
- |
First and second provisos to section 48 are not applicable |
Not Available |
10% |
Yes |
115ACA |
Income from Global Depository Receipts held by a resident individual who is an employee of an Indian company engaged in specified knowledge based industry or service or an employee of its subsidiary engaged in specified knowledge based industry or service |
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• Dividend [other than dividend referred to in section 115-O on Global Depository Receipts of an Indian company engaged in specified knowledge based industry / service issued under notified
employees stock option scheme and purchased in foreign currency |
Not Available |
- |
Not Available |
10% |
Yes |
• Long-term capital gain on transfer of such receipts |
- |
First and second provisos to section 48 are not applicable |
Not Available |
10% |
Yes |
115AD |
The following income of a notified Foreign Institutional Investor |
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a. income (not being dividend referred to in section 115-O) received in respect of securities (other than units referred to in section 115AB) |
Not Available |
- |
Not Available |
20% |
Yes |
b. income by way of short- term or long-term capital gains arising from the transfer of such securities applicable |
- |
First and second provisos to section 48 are not applicable |
Not Available |
Long Term : 10% , Long Term u/s 112A in excess of Rs. 1 lakh : 10% , short-term u/s 111A : 15% , any other short-term: 30% |
Yes |
c. interest referred to in section 194LD (from assessment year 2014-15) |
Not Available |
- |
Not Available |
5% |
Yes |
115BBA(1)(a) |
The following income of non-resident sportsman who is a foreign citizen |
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i. participation in India in any game (other than a game the winnings where from are taxable under section 115BB) or sports ; or |
Not Available |
- |
Not Available |
20% |
Note-1 |
ii. advertisement; or |
Not Available |
- |
Not Available |
20% |
Note-1 |
iii. Contribution of article relating to any game or sport in India in news papers magazines or journals |
Not Available |
- |
Not Available |
20% |
Note-1 |
115BBA(1)(b) |
Any amount guaranteed to be paid or payable to a non-resident sports association or institution in relation to any game (not being a game referred to in section 115BB) or sports played in India |
Not Available |
- |
Not Available |
20% |
Note-1 |
115BBA(1)(c) |
Income of a non-resident foreign citizen entertainer |
Not Available |
- |
Not Available |
20% |
Note-1 |
115D |
The following incomes of anon- resident Indian or a person of Indian origin: |
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a. investment income from foreign exchange assets |
No Deduction under any provision |
- |
Not Available |
20% |
Note-1 |
b. long-term capital gain on transfer of foreign ex- change assets |
- |
First and second provisos to section 48 are not applicable |
Not Available |
10% |
Note-1 |