Friday, February 24, 2012

the min of finance wesite about income tax

http://law.incometaxindia.gov.in/DIT/intnrcount.aspx#

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1Who is Non-Resident
2Taxability of Non-residents in India
3General 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.
4Special 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.
5Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents.
6Special provision for computing income by way of royalties, etc., in case of non-residents.







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