Rule 140: [Table: Sl. Nos. 2 to 5], that is attributable to the units held by a non-resident (other than the p

Bare law

Rule 140 - [Table: Sl. Nos. 2 to 5], that is attributable to the units held by a non-resident (other than the permanent establishme

140. (1) For the purposes of section 210(2), the income of a specified fund by way of short-term or long-term capital gains, referred to in section 210(1) [Table: Sl. Nos. 2 to 5], that is attributable to the units held by a non-resident (other than the permanent establishment of a non-resident in India), shall be calculated using the following formula:— A = B × C Where,— A = income attributable to the units held by non-resident (not being the permanent establishment of a non-resident in India);

Computation of exempt income of specified fund, attributable to investment division of an offshore banking unit under Schedule VI [Table: Sl. Nos. 1 to 4] to Act.

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