Tax on foreign subsidiary dividends: introduces separate tax on such dividends and disallows deductions on that income. Indian companies receiving dividends from a subsidiary foreign company will have income-tax computed as the aggregate of a separate tax on such dividends at a specified concessional rate and the tax on the remaining total income after excluding those dividends; no deduction or allowance is permitted in computing the dividend income, and the terms 'dividends' and 'subsidiary foreign company' are specifically defined.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax on foreign subsidiary dividends: introduces separate tax on such dividends and disallows deductions on that income.
Indian companies receiving dividends from a subsidiary foreign company will have income-tax computed as the aggregate of a separate tax on such dividends at a specified concessional rate and the tax on the remaining total income after excluding those dividends; no deduction or allowance is permitted in computing the dividend income, and the terms "dividends" and "subsidiary foreign company" are specifically defined.
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