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SEC 115AD: Tax on Income of Foreign Institutional Investor(FII)

Income Tax - Computation of Income or Rate of Tax in case of Specified Income or in Specified Type of Assesses (Section 115 series) - 05 - SEC - 115AD: TAX ON INCOME OF FOREIGN INSTITUTIONAL INVESTOR(FII) 1) APPLICABLE TO: Foreign Institutional Inves .....

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the total income shall be chargeable as under:- Nature of income Rate of tax (i) on the income in respect of securities 20% (ii) on the income by way of interest referred in section194LD 5% (iii) on the income by way of short-term capital gains 30% .....

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equity shares shall be exempt u/s 10(38) provided such transaction is subject to securities Transaction tax 4) NO DEDUCTION ALLOWED: where the GTI of the assessee includes income in respect of securities mentioned above neither deduction u/s 28 to 4 .....

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