XYZ Ltd., a Foreign Institutional Investor (FII), has total income comprising of only short-term capital gains of ` 50 lakh on sale of listed equity shares and interest income referred under section 194LD of ` 15 lakh. What is the tax liability of the FII for the P.Y. 2020-21?
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194LD
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For the FY 2020-21, the FII's total tax liability is ₹8,75,160, calculated by applying a 15% rate on the ₹50 lakh STCG and a 5% rate on the ₹15 lakh interest income, plus applicable surcharge (2%) and health and education cess (4%).
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