LTCG from sale of unlisted securities in case of NR / Private Equity Investors, to be taxed at 10%

LTCG from sale of unlisted securities in the case of NR investors, including Private Equity Investors, to be taxed at 10% instead of 20%

Currently, long term capital gain arising from sale of unlisted securities in the case of Foreign Institutional Investors is taxed at the rate of 10% while other non-resident investors, including Private Equity investors are taxed at the rate of 20%. In order to give parity to such investors, I propose to reduce the rate in their case from 20% to 10% on the same lines as applicable to FIIs.

Extract From FM Budget speech dated 7-5-2012 on Finance Bill, 2012