CHAPTER XIIA - Special provisions relating to certain incomes of non-residents Archives

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March 1, 2018

Published by Law@HostBooks at March 1, 2018

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Section – 115-I : Chapter not to apply if the assessee so chooses

115-I. A non-resident Indian may elect not to be governed by the provisions of this Chapter for any assessment year by furnishing his return of income for that assessment year […]

March 1, 2018

Published by Law@HostBooks at March 1, 2018

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Section 115H of Income Tax: Benefits for NRIs Who Became Indian Resident

Under the Income Tax Act 1961, a person can have one of three residential statuses: resident, non-resident Indian (NRI), or resident but not ordinarily resident (RNOR). The tax payable on […]

March 1, 2018

Published by Law@HostBooks at March 1, 2018

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Section – 115G : Return of income not to be filed in certain cases

115G. It shall not be necessary for a non-resident Indian to furnish under sub-section (1) of section 139 a return of his income if— (a) his total income in respect of […]

March 1, 2018

Published by Law@HostBooks at March 1, 2018

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Section – 115F : Capital gains on transfer of foreign exchange assets not to be charged in certain cases

115F. (1) Where, in the case of an assessee being a non-resident Indian, any long-term capital gains arise from the transfer of a foreign exchange asset (the asset so transferred being […]

March 1, 2018

Published by Law@HostBooks at March 1, 2018

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Section – 115E : Tax on investment income20 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 […]

March 1, 2018

Published by Law@HostBooks at March 1, 2018

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Section – 115D : Special provision for computation of total income of non-residents

115D. (1) No deduction in respect of any expenditure or allowance shall be allowed under any provision of this Act in computing the investment income of a non-resident Indian. (2) Where […]

March 1, 2018

Published by Law@HostBooks at March 1, 2018

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Section – 115C : Definitions

115C. In this Chapter, unless the context otherwise requires,— (a) “convertible foreign exchange” means foreign exchange which is for the time being treated by the Reserve Bank of India as convertible […]