March 1, 2018

Section – 115-I : Chapter not to apply if the assessee so chooses

115-I. A non-resident Indian may elect not to be governed by the provisions of this Chapter for any assessment year by furnishing his return of income for that assessment year […]
March 1, 2018

Section – 115H : Benefit under Chapter to be available in certain cases even after the assessee becomes resident

115H. Where a person, who is a non-resident Indian in any previous year, becomes assessable as resident in India in respect of the total income of any subsequent year, he […]
March 1, 2018

Section – 115G : Return of income not to be filed in certain cases

115G. It shall not be necessary for a non-resident Indian to furnish under sub-section (1) of section 139 a return of his income if— (a)  his total income in respect of […]
March 1, 2018

Section – 115F : Capital gains on transfer of foreign exchange assets not to be charged in certain cases

115F. (1) Where, in the case of an assessee being a non-resident Indian, any long-term capital gains arise from the transfer of a foreign exchange asset (the asset so transferred being […]
March 1, 2018

Section – 115E : Tax on investment income20 and long-term capital gains.

115E. Where the total income of an assessee, being a non-resident Indian, includes— (a)  any income from investment or income from long-term capital gains of an asset other than a specified […]
March 1, 2018

Section – 115D : 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 […]
March 1, 2018

Section – 115C : Definitions

115C. In this Chapter, unless the context otherwise requires,— (a)  “convertible foreign exchange” means foreign exchange which is for the time being treated by the Reserve Bank of India as convertible […]

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