Tax on dividends, royalty and technical service fees in case of foreign companies.

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..... al income of a non-resident (not being a company) or a foreign company, which includes any income specified in the column B of the Table below, shall be the aggregate of income-tax specified in the column C thereof. Table Sl. No. Income Income-tax payable A B C 1. Dividend [other than dividends specified against serial number 2. 20% 2. Dividend received from a unit in an International .....

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..... Table: Sl. No. 20 or 21) or of the Unit Trust of India. 20 % 8. Total income as reduced by income referred to against serial numbers 1 to 7. Income-tax chargeable on such income. (2) Where the total income of a non-resident (not being a company) or of a foreign company, includes any income by way of royalty or fees for technical services received from Government or an Indian concern in pursua .....

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..... st serial numbers 1 and 2. Income-tax chargeable on such income. (3) Where the royalty referred to in sub-section (2) is in consideration for the transfer or grant of all or any rights (including the granting of a licence)-- (a) in respect of copyright in any book to an Indian concern; or (b) in respect of any computer software to a person resident in India, then the provisions of sub-secti .....

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..... (2). (6) Where the gross total income of an assessee-- (a) consists only of the income referred to in sub-section (1)(Table: Sl. No. 1 to 7), no deduction shall be allowed under Chapter VIII; (b) includes any income referred to in sub-section (1) (Table: Sl. No. 1 to 7), the gross total income shall be reduced by such income and the deduction under Chapter VIII shall be allowed as if such re .....

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..... nd" to "(Table: Sl. Nos. 1 to 7) and sub-section (2) (Table: Sl. Nos.1 and 2); and" - Clause 207 of the Bill provides special rates of taxes for non-residents on certain types of income (like dividends, interest, distributed income, income in respect of units, royalties and fees for technical services).
Statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxa .....

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