Here are the updated special tax rate provisions applicable to Non-Resident Indians (NRIs) under various sections of the Income-tax Act, 1961: Long Term Capital Gains (LTCG) Section 112(1)(c): Long term…
Foreign Company: Definition and Tax Provisions According to Section 2(23A) of the Income-tax Act, a "foreign company" refers to any company that is not classified as a domestic company.…
Tax-Exempt Incomes for Non-Resident Indians (NRIs) The following incomes are exempt from tax for Non-Resident Indians (NRIs) under various sections of the Income-tax Act, 1961: Section 10(4B): Interest on notified…