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of <h1>Section 115A: Tax Rates for Non-Residents and Foreign Companies on Dividends, Interest, Royalties, and Technical Services Fees</h1> Section 115A of the Income Tax Act outlines the tax rates applicable to non-corporate non-residents and foreign companies on income derived from dividends, interest, royalties, and fees for technical services. Dividends are taxed at 10%, while interest from government or Indian concerns is taxed at 20%, with specific lower rates for certain types of interest. Royalty and fees for technical services are taxed at 10%. No deductions for expenses are allowed, and filing a return is not required if income consists solely of dividends and interest with TDS deducted. Certain losses can be set off, but unabsorbed depreciation is not permitted.
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