Sch - 04 - THE FOURTH SCHEDULE - Rates for deduction of tax at source in the case of non-resident deductee - Direct Taxes Code Bill, 2009

THE FOURTH SCHEDULE (Rates for deduction of tax at source in the case of non-resident deductee) S. No. Nature of Payment Rate 1. Investment income by way of - (i) interest Twenty per cent. (ii) dividends on which distribution tax has not been paid Twenty per cent. (iii) capital gains Thirty per cent. (iv) any other investment income Twenty per cent. 2. On income by way of royalty or fees for technical services. Twenty per cent. 3. On income of a non-resident sportsman (not being a citizen of India) by way of- Ten per cent (i) participation in India in any game (other than a game the winnings wherefrom are taxable under sub-item (b) of item 4 of rule 3 of the First Schedule) or sports; (ii) advertisement; or (iii) contribution of articles relating to any game or sport in newspapers, magazines or journals in India. 4. On income by way of winnings from lotteries, crossword puzzles, card games or any other game or gambling or betting. Thirty per cent. 5. On income by way of winnings from horse races (not being the income from the activity of owning and maintaining race horses) Thirty per cent. 6. On the whole of other income Thirty five per cent.