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CHAPTER XIII DETERMINATION OF TAX IN SPECIAL CASES Tax on investment income and long-term capital gains. 214. 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. |
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