Bare ActsIncome-tax Act, 2025

Section 214

Tax on investment income and long-term capital gains.--

Amendment status not verified — confirm the current text below against the official source.

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.

Section 214 – Income-tax Act, 2025 | DailyLaw.ai