Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer – Section 115ACA

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..... of an Indian company or its subsidiary engaged in specified knowledge-based industry or service GDR issued as per ESOP s Tax Rate:- Dividend on GDR of an Indian company 10% Long-term capital gain on transfer of such GDRs 10% Explanation: Specified knowledge based industry or service means- Information technology software; information technology software means any representation of instructions, d .....

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..... by the Overseas Depository Bank outside India or in an IFSC and issued to investors against the issue of Ordinary shares of company listed on a recognised stock exchange in India; or Foreign Currency convertible bonds of issuing company; Ordinary Shares of issuing company, being a company incorporated outside India, if such depositary receipt or certificate is listed and traded on any IFSC. First .....

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