SUMMARY TABLE — SPECIAL RATES FOR NRI

 SUMMARY TABLE — SPECIAL RATES FOR NRI

Category     Section Rate
Dividend 115A 20%
Interest (general) 115A 20%
Interest – IDF Bonds 115A 5%
Interest – FCCB/FCEB 115AC 10%
NRE Interest 10(4)(i) Exempt
FCNR Interest 10(15)(iv)(fa) Exempt
Royalty/FTS 115A 10%
LTCG Equity 112A 10%
STCG Equity 111A 15%
LTCG (other assets) 112 20%
LTCG on unlisted shares 112 10%
LTCG on foreign exchange asset 115E 10%
Investment income (forex assets) 115E 20%
GDR LTCG 115ACA 10%

Comments

Post a Comment

Popular posts from this blog

Purpose Codes for Export Transactions

Purpose Codes in detail — especially P0104 (Export of goods) — which are required for foreign remittances under FEMA/RBI regulations. 🏦 1. What is a Purpose Code? A Purpose Code is a standardized code prescribed by the Reserve Bank of India (RBI) to identify the nature of a cross-border transaction — whether it’s for exports, imports, services, loans, investments , etc. These codes are used by Authorized Dealer (AD) Banks to report every foreign exchange transaction to the RBI through: EDPMS (Export Data Processing and Monitoring System) for exports, and IDPMS (Import Data Processing and Monitoring System) for imports. 🌍 2. Purpose Codes for Export Transactions When you receive a foreign inward remittance against an export, your AD Bank must enter the correct Purpose Code while reporting the transaction. Here are the most common export-related purpose codes 👇 Purpose Code Description (as per RBI) Used For P0104 Export of goods For physical ex...
Read more

check eligibility before filing LUT to avoid retroactive rejection

simple eligibility checklist for furnishing a LUT under GST to make sure you don’t risk rejection: ✅ LUT Eligibility Checklist (GST) GST Registration Must be a registered person under GST . Exporter should have valid GSTIN . Financial Year LUT is valid for one financial year . Must be renewed or re-submitted for the next financial year. Prosecution / Conviction Should not be prosecuted for tax evasion involving any amount exceeding ₹2.5 crore . Must not be convicted under GST or any previous tax law. Default Status Should not have any outstanding dues from previous LUT or bond (if required). Must not have been denied LUT earlier by GST authorities. Ineligibility under Notification No. 37/2017-Central Tax Certain exporters (like those with criminal prosecution for tax fraud or evasion above the threshold) cannot furnish LUT . In such cases, the exporter must submit a bond instead. Compliance with Export Rules Exports m...
Read more

partner remuneration under the Indian Income Tax Act for Assessment Year (AY) 2026-27, i.e., the financial year 2025-26:

partner remuneration under the Indian Income Tax Act for Assessment Year (AY) 2026-27 , i.e., the financial year 2025-26: 1. Remuneration Limits Under Section 40(b) – New Higher Ceiling Effective April 1, 2025 (FY 2025-26; applicable for AY 2026-27): The allowable deduction for remuneration paid to working partners has doubled . Revised limits under Section 40(b) : On the first ₹6,00,000 of book profit (or in case of loss): higher of ₹3,00,000 or 90% of book profit. On the rest of the book profit : 60% of book profit. Previously , this limit was: On the first ₹3,00,000: ₹1,50,000 or 90% of book profit (whichever higher) On the balance: 60% of book profit. 2. Introduction of Section 194T – Mandatory TDS on Partner Payments Also effective April 1, 2025 : A new section, Section 194T , mandates 10% TDS on payments to partners when total annual payments exceed ₹20,000 . Applies to payments like salary/remuneration, commission, bonus, interest . ...
Read more