Where the total income of an assessee, being a non-resident Indian includes income by way of long-term capital gains arising from transfer of unlisted securities, applicable income-tax rate on such income is —

CS Executive · Tax Laws and Practice · PYQS · December 2014
Where the total income of an assessee, being a non-resident Indian includes income by way of long-term capital gains arising from transfer of unlisted securities, applicable income-tax rate on such income is —
(A) 10%
(B) 20%
(C) 30%
(D) 40%.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) 10%. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Income Tax Act, 1961

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