Section 115E of ITA, 1961 : Section 115E: Tax On Investment Income And Long-Term Capital Gains

ITA, 1961

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Explanation using Example

Imagine Priya, who is a non-resident Indian, has investments in Indian stocks. During the financial year, she decides to sell some of her stocks which she has held for more than 12 months, realizing long-term capital gains of INR 500,000. Additionally, she receives INR 200,000 as dividend income from other Indian company investments.

Under Section 115E of the ...

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