Income-tax Act, 2025

Tax on investment income and long-term capital gains. - Section 214

Tax on investment income and long-term capital gains.

214. 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 income-tax computed at the rate specified in the column C applied on the corresponding income specified in column B.

TABLE

Sl. No.IncomeRate of Income-tax payable

ABC

1.Income from investment.20%

2.Income from long-term capital gains on specified asset.12.5%

3.Total income as reduced by income referred to against serial numbers 1 and
2.Rates in force. .... To read the full section download the app from Google Play store