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Long term capital gain in case of non -resident

Income Tax - Capital Gains - 28 - 1.Listed Equity shares sold on stock exchange (whether purchased in Indian currency or foreign currency) Benefit of First Proviso to Section 48 and Second Proviso to Section 48- N.A. Taxability- Exempt under section .....

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of 2,50,000 is not available. 3. Listed Equity Shares sold off-Market (Purchased in Indian Currency) Benefit of First Proviso to Section 48 and Second Proviso to Section 48-Second proviso to section 48 is available Taxability-10% without indexation 2 .....

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, if after applying the First Proviso or Second Proviso to Section 48, as the case may be, there is a loss under the head Capital Gains, then tax shall not be levied.) Taxability- Flat rate of 10%. Slab of 2,50,000 is not available 5. Unlisted Equity .....

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Section 48-N.A. Taxability- Exempt under section 10(38) 6. Unit of Equity Oriented Mutual Funds and units of business trust and on sale STT paid Benefit of First Proviso to Section 48 and Second Proviso to Section 48- N.A. Taxability- Exempt under s .....

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e Taxability-20% with indexation Slab of 2,50,000 is not available. 8. Units of other Mutual Funds and units of business trust sold by shareholders who were allotted units of business trust in exchange of shares of SPV Benefit of First Proviso to Sec .....

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f reinvestment) Benefit of First Proviso to Section 48 and Second Proviso to Section 48- First proviso to section 48 is applicable Taxability- Flat rate of 10% Slab of 2,50,000 is not available. 10. Listed Bonds and Debentures (Purchased in Indian Cu .....

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