Home > Income Tax Act 2025 > Section-209Last Updated: Feb 22nd 2025
Section-209 provides for special rates of taxes for non-residents on Global Depository Receipts including income by way of interest, dividend and income on transfer of such Global Depository Receipts. Learn to understand the section-209 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 | From interest on––
| 10% |
2 | From dividends on Global Depository Receipts—
| 10% |
3 | Long-term capital gains arising from the transfer of bonds referred to against serial number 1 or Global Depository Receipts referred to against serial number 2. | 12.5% |
4 | Total income as reduced by income referred to against serial numbers 1 to 3. | 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.