AILES Inc (a foreign company)., a notified Foreign Institutional Investor (FII), derived the following incomes for the financial year 2025-26:…

(b) Computation of total income of AILES Inc. (a foreign company), a notified FII, for A.Y.2026-27 Particulars ₹ ₹ Dividend income 6,20,000 Interest on securities [No deduction is allowable in respect of expenses incurred in respect thereof] 17,32,000 23,52,000 Long-term capital gains on sale of bonds of A Ltd. Sale consideration 47,00,000 Less: Cost of acquisition 32,00,000 15,00,000 [Benefit of indexation is not allowable] Short-term capital gains on sale of STT paid equity shares of B Ltd. Sale consideration 12,40,000 Less: Cost of acquisition 7,80,000 4,60,000 Short-term capital gains on sale on unlisted equity shares of C Ltd. Sale consideration 8,40,000 Less: Cost of acquisition 3,72,000 4,68,000 Total Income 47,80,000 Computation of tax liability of AILES Inc. for A.Y.2026-27 Particulars ₹ Tax@20% on interest on securities and dividend = 20% x ₹ 23,52,000 4,70,400 [email protected]% on long-term capital gains on sale of bonds of A Ltd. = 12.5% x ₹ 15,00,000 1,87,500 Tax @ 20% on short-term capital gains on sale of listed equity shares of B Ltd., in respect of which STT has been paid = 20% of ₹ 4,60,000 92,000 Tax @ 30% on short-term capital gains on sale of unlisted equity shares of C Ltd. = 30% of ₹ 4,68,000 1,40,400 8,90,300 Add: HEC@4% 35,612 Tax liability 9,25,912 Tax liability (rounded off) 9,25,910