Tax on certain dividends received from foreign companies

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..... a specified foreign company, the income-tax payable shall be the aggregate of- (a) the amount of income-tax calculated on the income by way of such dividends, at the rate of fifteen per cent; and (b) the amount of income-tax with which the assessee would have been chargeable had its total income been reduced by the aforesaid income by way of dividends. (2) Notwithstanding anything contain .....

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..... 2012. 2. Inserted vide Finance Act, 2012, w.e.f. 01-04-2013. 3. Inserted vide Finance Act, 2013, w.e.f. 1st day of April, 2014 4. Omitted vide THE FINANCE (No. 2) ACT, 2014 w.e.f. 1st day of April, 2015 , before it was read as, for the previous year relevant to the assessment year beginning on the 1st day of April, 2012, 2 [ or beginning on the 1st day of April, 2013 ] 3 [or .....

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