https://www.taxtmi.com/acts?id=12142 Where an Indian company's total income includes dividends from a specified foreign company, tax on such dividends is the aggregate of a separate tax at a fixed rate on the dividend amount and the income-tax that the assessee would have been chargeable with had total income been reduced by that dividend; no deduction or allowance is permitted against that dividend income. "Dividends" follows section 2(22) excluding sub-clause (e), and "specified foreign company" means a foreign company with at least twenty-six percent equity held by the Indian company. en-us Sat, 09 Apr 2011 12:42:57 +0530 Sat, 09 Apr 2011 12:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12142 Where an Indian company's total income includes dividends from a specified foreign company, tax on such dividends is the aggregate of a separate tax at a fixed rate on the dividend amount and the income-tax that the assessee would have been chargeable with had total income been reduced by that dividend; no deduction or allowance is permitted against that dividend income. "Dividends" follows section 2(22) excluding sub-clause (e), and "specified foreign company" means a foreign company with at least twenty-six percent equity held by the Indian company. Act-Rules F. Acts / Amendment Acts Sat, 09 Apr 2011 12:42:57 +0530 https://www.taxtmi.com/acts?id=12142