Tax Rate Set at 10% for New Royalty Agreements Post-June 1, 2005, u/s 115A of Income Tax Act.

Tax Rate Set at 10% for New Royalty Agreements Post-June 1, 2005, u/s 115A of Income Tax Act. https://www.taxtmi.com/highlights?id=34039 Rate of tax to be applied on the royalty received under the royalty agreement - Under section 115A of the Act, it is provided that in case any new royalty agreement is entered into after first day of June, 2005, the applicable tax rates on the royalty income would be 10% plus surcharge and education cess- AT en-us Wed, 29 Mar 2017 07:08:49 +0530 Wed, 29 Mar 2017 07:08:49 +0530 TaxTMI RSS Generator Tax Rate Set at 10% for New Royalty Agreements Post-June 1, 2005, u/s 115A of Income Tax Act. https://www.taxtmi.com/highlights?id=34039 Rate of tax to be applied on the royalty received under the royalty agreement - Under section 115A of the Act, it is provided that in case any new royalty agreement is entered into after first day of June, 2005, the applicable tax rates on the royalty income would be 10% plus surcharge and education cess- AT Highlights Income Tax Wed, 29 Mar 2017 07:08:49 +0530 https://www.taxtmi.com/highlights?id=34039