Tax on Dividends, Interest Royalty and Fees for Technical Service in the case of Non-Corporate Non-Residents and Foreign Companies – Section 115A

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..... 5A Nature of Income Rate of Tax Where the total income of a non-resident (not being a company) or a foreign company includes any income by way of:- (i) Dividends except the amount of income-tax calculated on the amount of income by way of dividend received from a Unit in an International Financial Se .....

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..... frastructure bonds between 07.07.2012 and 30.09.2014 or By way of issue of long-term bonds including ling term infrastructure bond between 1.10.2014 and 30.6.2023 As approved by Central Government In respect of monies borrowed from source outside India by way of rupee denominated bond on or before 30.6.2023 In respect of monies borrowed by it from source outside .....

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..... However, if the SPV has not exercised the option to pay tax at concessional rate under section 115BAA , dividend income would be exempt in the hands of unit holders 5% 10% (vii) Interest to Foreign Institutional Investor or Qualified Foreign Investor payable between 1.6.2013 and 30.6.2023 on investment made in R .....

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..... calculated on the income by way of royalty 10% (ii) amount of income-tax calculated on the income by way of fees for technical services 10% Notes:- No deduction of any expense or allowance shall be allowed to the assessee u/s 28 to 44C and section 57 in computing his income referred to in section 115A(1) . No .....

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..... me meaning as in Explanation 2 u/s 9(1)(vii) Foreign currency shall have the same meaning as in the Explanation below item ( g ) u/s 10(15)(iv ) Royalty shall have the same meaning as in Explanation 2 u/s 9(1)(vi) Unit Trust of India means the Unit Trust of India established under the Unit Trust of India Act, 1963 - Manuals - Ready reckoner - Law and practice .....

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