https://www.taxtmi.com/acts?id=12218 A separate tax framework applies where an Indian company receives dividends from a specified foreign company: the tax payable comprises the prescribed separate tax on such dividend income plus the normal income-tax that would be chargeable after reducing total income by that dividend income; deductions or allowances are not permitted against the dividend income; a specified foreign company is defined by reference to a minimum shareholding threshold; the provision is inapplicable from the stated assessment year exemption date. en-us Sun, 10 Apr 2011 15:27:25 +0530 Wed, 18 Jun 2025 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12218 A separate tax framework applies where an Indian company receives dividends from a specified foreign company: the tax payable comprises the prescribed separate tax on such dividend income plus the normal income-tax that would be chargeable after reducing total income by that dividend income; deductions or allowances are not permitted against the dividend income; a specified foreign company is defined by reference to a minimum shareholding threshold; the provision is inapplicable from the stated assessment year exemption date. Act-Rules Income Tax Sun, 10 Apr 2011 15:27:25 +0530 https://www.taxtmi.com/acts?id=12218