— Nexus · the AI research workspace for CA firms
— official CBDT correspondence
Section 208 — Tax on income from units purchased in foreign currency or capital gains arising from their transfer: its source in the Income-tax Act, 1961
Section 208 (Tax on income from units purchased in foreign currency or capital gains arising from their transfer) of the Income-tax Act, 2025 corresponds to Section 115AB (Tax on income from units purchased in foreign currency or capital gains arising from their transfer) of the Income-tax Act, 1961 as per the official CBDT correspondence.
source provisions · income-tax act, 1961
- Section 115AB — Tax on income from units purchased in foreign currency or capital gains arising from their transfer
read both texts · §115AB (1961) vs §208 (2025)
loading…
loading…
Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.
frequently asked
Is Section 208 of the Income-tax Act, 2025 a new provision?
No — it derives from Section 115AB of the Income-tax Act, 1961.
What does Section 208 of the Income-tax Act, 2025 deal with?
Section 208 — "Tax on income from units purchased in foreign currency or capital gains arising from their transfer", under CHAPTER XIII - Determination of tax in special cases of the Income-tax Act, 2025.
— built by nexus
Nexus answers full tax questions the same way — a citation-grounded advisory artifact with verdict, authority chain, computation and drafting, every citation traceable to an official source.
same chapter · chapter xiii - determination of tax in special cases · income-tax act, 2025
- Section 204 — Tax on income of certain new manufacturing co-operative societies
- Section 205 — Conditions for tax on income of certain companies and co-operative societies
- Section 206 — Special provision for minimum alternate tax and alternate minimum tax
- Section 207 — Tax on dividends, royalty and fees for technical service in case of foreign companies
- Section 209 — Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
- Section 210 — Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
- Section 211 — Tax on non-resident sportsmen or sports associations
- Section 212 — Interpretation
frequently looked up · income-tax act, 2025
§2 · §4 · §13 · §14 · §16 · §20 · §26 · §46 · §59 · §63 · §67 · §86 · §92 · §111 · §118 · §122 · §123 · §150 · §170 · §179 · §185 · §202 · §203 · §206 · §211 · §228 · §253 · §263 · §268 · §270 · §279 · §287 · §289 · §294 · §303 · §313 · §316 · §319 · §334 · §349 · §351 · §353 · §393 · §397 · §398 · §401 · §405 · §410 · §412 · §413 · §423 · §427 · §464 · §475 · §489 · §499 · §500 · §536