§214
Section 214 — Tax on investment income and long-term capital gains
The income-tax payable on the total income of an assessee, being a non-resident Indian, which includes income specified in column B of the Table below, shall be the aggregate of income-tax computed at the rate specified in the column C applied on the corresponding income specified in column B.
Table
| Sl. No. | Income | Rate of Income-tax payable |
|---|---|---|
| A | B | C |
| 1. | Income from investment. | 20% |
| 2. | Income from long-term capital gains on specified asset. | 12.5% |
| 3. | Total income as reduced by income referred to against serial numbers 1 and 2. | Rates in force. |