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of <h1>Finance Bill 2015 amends Section 115A, lowering tax on non-resident royalties and fees from 25% to 10%.</h1> Clause 27 of the Finance Bill, 2015 amends section 115A of the Income-tax Act, reducing the tax rate from 25% to 10% on income from royalties and fees for technical services received by non-resident taxpayers from the Indian government or Indian entities. This applies to agreements made post-March 31, 1976, which are not connected to a permanent establishment in India. The amendment is effective from April 1, 2016, impacting the assessment year 2016-17 and onward.
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