Things I want to Share...........
Friday, February 24, 2012
the min of finance wesite about income tax
http://law.incometaxindia.gov.in/DIT/intnrcount.aspx#
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1
Who is Non-Resident
2
Taxability of Non-residents in India
3
General and special rates of tax
1
GENERAL RATES
2
Tax on dividends, royalty and technical service fees in the case of foreign companies.
3
Tax on income from units purchased in foreign currency or capital gains arising from their transfer.
4
Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer.
5
Tax on income from Global depository receipts purchased in foreign currency or capital gains arising from their transfer.
6
Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer.
7
Tax on non-resident sportsmen or sports associations.
8
Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds.
4
Special Provisions for Non-Resident Indian
1
Tax on investment income and long-term capital gains.
2
Capital gains on transfer of foreign exchange assets not to be charged in certain cases.
3
Special provision for computation of total income of non-residents.
4
Definitions.
5
Return of income not to be filed in certain cases.
6
Benefit under Chapter to be available in certain cases even after the assessee becomes resident.
7
Chapter not to apply if the assessee so chooses.
5
Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents.
6
Special provision for computing income by way of royalties, etc., in case of non-residents.
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