Section 115D - Special provision for computation of total income of non-residents - Income-tax Act, 1961

Special provision for computation of total income of non-residents. 115D. (1) No deduction in respect of any expenditure or allowance shall be allowed under any provision of this Act in computing the investment income of a non-resident Indian. (2) Where in the case of an assessee, being a non-resident Indian,- ( a ) the gross total income consists only of investment income or income by way of long-term capital gains or both, no deduction shall be allowed to the assessee 2 [ under Chapter VI-A and nothing contained in the provisions of the second proviso to section 48 shall apply to income chargeable under the head Capital gains ] ; ( b ) the gross total income includes any income referred to in clause ( a ), the gross total income shall be reduced by the amount of such income and the deductions under Chapter VI-A shall be allowed as if the gross total income as so reduced were the gross total income of the assessee. *************** NOTES:- 1. Substituted vide Section 11 of the Direct Tax Laws (Second Amendment) Act, 1989 w.e.f. 01-04-1988 before it was read as, under Chapter VI-A 2. Substituted vide Section 57 of the Finance Act, 1992 w.e.f. 01-04-1993 before it was read as, 1 [ under sub-section (2) of section 48 or under Chapter VI-A ]