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Union of India - Section

Section 214 in The Income Tax Act, 2025

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.IncomeRate of Income-tax payable
ABC
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.
[Similar to Section 115E from The Income Tax Act, 1961.-Also Refer]