Home > Income Tax Act 2025 > Section-208Last Updated: Feb 22nd 2025
Section-208 provides for special rates of taxes for offshore funds on investments made in foreign currency. Learn to understand the section-208 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
Sl.No | Income | Income-tax payable |
---|---|---|
A | B | C |
1 | Income received in respect of units purchased in foreign currency. | 10% |
2 | Long-term capital gains arising from the transfer of units purchased in foreign currency. | 12.5% |
3 | Total income as reduced by income referred to in against serial numbers 1 and 2. | Income-tax chargeable on such income. |
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.