Income-tax Act, 1961
Section - 115AB - Tax on income from units purchased in foreign currency or capital gains arising from their transfer
Tax on income from units purchased in foreign currency or capital gains arising from their transfer.115AB. (1) Where the total income of an assessee, being an overseas financial organisation (hereinafter referred to as Offshore Fund) includes-
the income-tax payable shall be the aggregate of-
| (a) | - | income received in respect of units purchased in foreign currency; or |
| (b) | - | income by way of long-term capital gains arising from the transfer of units purchased in foreign currency, |
| (i) | - | the amount of income-tax calculated on the income in respect of units referred to in clause (a), if any, included in the total income, at the rate of ten per cent; |
| 28[(ii) | - | Google Play store
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