Section 212 — Interpretation

In sections 213 to 218,—
( a) “foreign exchange asset” means any specified asset which the assessee
has acquired or purchased with, or subscribed to in, convertible foreign
exchange;
( b) “investment income” means any income derived from a foreign exchange
asset;
( c) “long-term capital gains” means income chargeable under the head
“Capital gains” relating to a capital asset, being a foreign exchange asset
which is not a short-term capital asset;
( d) “non-resident Indian” means an individual, who is not a resident 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 private
company as defined in the Companies Act, 2013 (18 of 2013); or
( iii) deposits with an Indian company which is not a private company
as defined in the Companies Act, 2013 (18 of 2013); or
( iv) any security of the Central Government as defined in section 2( f)
of the Government Securities Act, 2006 (38 of 2006); or
( v) such other assets as the Central Government may specify in this
behalf by notification.