https://www.taxtmi.com/acts?id=46101 Two new sections allow an Indian company to deduct from its income tax an amount equal to the portion of tax, calculated at the average rate on dividend or royalty/fees income from specified foreign companies, which exceeds twenty five percent of that tax, where such income arises from intellectual property, know how or technical services provided under an agreement approved by the Central Government before the relevant assessment year's 1st October. en-us Thu, 12 Dec 2024 15:01:58 +0530 Thu, 12 Dec 2024 16:35:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46101 Two new sections allow an Indian company to deduct from its income tax an amount equal to the portion of tax, calculated at the average rate on dividend or royalty/fees income from specified foreign companies, which exceeds twenty five percent of that tax, where such income arises from intellectual property, know how or technical services provided under an agreement approved by the Central Government before the relevant assessment year's 1st October. Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 15:01:58 +0530 https://www.taxtmi.com/acts?id=46101