Special provision for computation of total income of non-residents
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
Section 213(1) of Income Tax Act 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.
Section 213(2) of Income Tax Act 2025
(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.