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of <h1>Income-tax Act Section 115A Amended: New Rates for Royalties and Technical Fees Based on Agreement Date</h1> Section 115A of the Income-tax Act is amended effective April 1, 1998. In sub-section (1), clause (a) changes the term 'dividends' to 'dividends other than dividends referred to in section 115-O.' Clause (b) revises sub-clauses (A) and (B) to specify that income tax on royalties and fees for technical services is calculated at 30% if the agreement was made on or before May 31, 1997, and at 20% if made after that date.
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