Income-tax Act, 1961

Section - 115E - Tax on investment income and long-term capital gains

Tax on investment income and long-term capital gains.

115E. 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 aggregate of-

(i) - the amount of income-tax calculated on the income in respect of investment income referred to in clause (a), if any, included in the total income, at the rate of twenty per cent;
46[(ii) - the amount of income-tax calculated on the income by way of long-term capital gains referred to in clause (b< .... To read the full section download the app from Google Play store