Section-212 : Interpretation

1. Section-212 as per act

In sections 213 to 218,—

1. "foreign exchange asset" means any specified asset which the assessee has acquired or purchased with, or subscribed to in, convertible foreign exchange;
2. "investment income" means any income derived from a foreign exchange asset;
3. "long-term capital gains" means income chargeable under the head “Capital gains” relating to a capital asset, being a foreign exchange asset which is not a short-term capital asset;
4. "non-resident Indian" means an individual, who is not a resident and is—
   
   
   1. a citizen of India; or
   2. a person of Indian origin;
5. "specified asset" means any of the following assets:—
   
   
   1. shares in an Indian company; or
   2. debentures issued by an Indian company which is not a private company as defined in the Companies Act, 2013; or
   3. deposits with an Indian company which is not a private company as defined in the Companies Act, 2013; or
   4. any security of the Central Government as defined in section 2(c) of the Public Debt Act, 1944; or
   5. such other assets as the Central Government may specify in this behalf by notification.

2. Help and useful links for Section-212

1. Income Tax Help Center
2. Income Tax Act 2025 Home
3. Self Service (DIY) Income Tax Filing made Easy