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of <h1>Taxation of Foreign Dividend Income: 15% Tax Rate for Indian Companies Holding 26% Equity Stake in Specified Entities</h1> Section 115BBD addresses taxation of dividends received by Indian companies from specified foreign companies. The provision imposes a 15% tax on such dividends and prohibits deductions related to these dividend incomes. A specified foreign company is defined as a foreign entity where the Indian company holds at least 26% equity share capital. The provisions are applicable until the assessment year beginning on or before April 1, 2023, after which the section becomes inoperative.
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