Income-tax Act, 2025 · Part D — Special provisions relating to minimum alternate tax and alternate minimum tax

Section 213Special provision for computation of total income of non-residents

Income-tax Act, 2025 (30 of 2025)

(1)

No deduction in respect of any expenditure or allowance shall be allowed under any provision of this Act in computing the investment income of a non-resident Indian.

(2)

In the case of an assessee, being a non-resident Indian, where—

(a)the gross total income consists only of investment income or income by way of long-term capital gains or both, then no deduction shall be allowed under Chapter VIII;

(b)the gross total income includes any income referred to in clause (a),—

(i)the gross total income shall be reduced by such income; and

(ii)the deductions under Chapter VIII shall be allowed as if the gross total income as so reduced was the gross total income of the assessee.

Referenced by

§ 212 Interpretation

§ 217 Benefit under Chapter to be available in certain cases even after assessee becomes resident

§ 217(b)

§ 218 Chapter not to apply if the assessee so chooses

§ 218(a)