Section 214
Tax on investment income and long-term capital gains.
The income-tax payable on the total income of an assessee, being a non-resident Indian, which includes income specified in column B of the Table below, shall be the aggregate of income-tax computed at the rate specified in the column C applied on the corresponding income specified in column B.
Table
|
Sl. No. |
Income |
Rate of Income-tax payable |
|
A |
B |
C |
|
1. |
Income from investment. |
20% |
|
2. |
Income from long-term capital gains on specified asset. |
12.5% |
|
3. |
Total income as reduced by income referred to against serial numbers 1 and 2. |
Rates in force. |