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Section 212

Interpretation

In sections 213 to 218,—

(a)
“foreign exchange asset” means any specified asset which assessee has acquired or purchased with, or subscribed to in, convertible foreign exchange;
(b)
“investment income” means any income derived from a exchange asset;
(c)
“long-term capital gains” means income chargeable under the “Capital gains” relating to a capital asset, being a foreign exchange which is not a short-term capital asset;
(d)
“non-resident Indian” means an individual, who is not a and is—

(i) a citizen of India; or

(ii) a person of Indian origin;

(e)
“specified asset” means any of the following assets:—

(i) shares in an Indian company; or

(ii) debentures issued by an Indian company which is not a company as defined in the Companies Act, 2013; or

(iii) deposits with an Indian company which is not a company as defined in the Companies Act, 2013; or

(iv) any security of the Central Government as defined section 2(c) of the Public Debt Act, 1944; or

(v) such other assets as the Central Government may specify in behalf by notification.