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What is the rate of Tax Deduction at Source for NRIs / PIOs?

April 26, 2017Cheap NRIs rate send money to india source tax deduction wire transfer

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What is the rate of Tax Deduction at Source for NRIs / PIOs?

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Under Section 2(42A) of the Income Tax Act, units of the Scheme held as a capital asset, for a period of More than twelve months immediately preceding the date of transfer, will be treated as a long term capital asset for the computation of capital gains – thus attracting long term capital gains tax rate.