Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Dividend taxation: all dividend income to be subject to the special tax regime and withholding-based non-filing rules. The amendment removes the prior exclusion so that all dividend income of a non-resident (other than a company) or a foreign company is brought within the ... Summary
Dividend taxation: all dividend income to be subject to the special tax regime and withholding-based non-filing rules.
The amendment removes the prior exclusion so that all dividend income of a non-resident (other than a company) or a foreign company is brought within the special tax regime; it also expands the non-filing condition to include incomes consisting solely of dividends, interest, royalty or fees for technical services and requires tax to be deducted at source under Part B of the withholding provisions at rates not less than those specified for the relevant income categories.
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