TaxTMI 
TaxTMI 
Tax on Dividends, Interest Royalty and Fees for Technical Service in the case of Non-Corporate Non-Residents and Foreign Companies – Section 115A
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.... of Income Rate of Tax Where the total income of a non-resident (not being a company) or a foreign company includes any income by way of:- (i) Dividends except the amount of income-tax calculated on the amount of income by way of dividend received from a Unit in an International Financial Services Centre, as referred to in section 80LA(1A), shall be 10%. 20% (ii) Interest received from Govern....
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.... outside India by way of rupee denominated bond on or before 30.6.2023 * In respect of monies borrowed by it from source outside India by way of issue of any long term bond or rupee denominated bond between 1.4.2020 and 30.6.2023, which is listed only on a recognised stock exchange located in any, International Financial Services Centre. 5% 4% (v) Interest of the nature and extent referred in....
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.... between 1.4.2020 and 30.6.2023 on investment made in municipal debt security 5% (viii) income received in respect of units, purchased in foreign currency, of a Mutual Fund specified u/s 10(23D) or of the Unit Trust of India 20% Where the total income of a non-resident (not being a company) or a foreign company includes any income by way of royalty or fees for technical service other than refe....
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....ction 115A(1)(a). * No return of income is necessary * It shall not be necessary for an assessee to furnish return u/s 139(1) if:- * the total income of the assessee consist only of such dividend and interest mentioned in clause (a) and * TDS has been deducted from such income. * Set off & carry forward and set off of losses allowed from incomes mentioned u/s 115A but unabsorbed depreci....