Tax on dividends, royalty and technical service fees in case of foreign companies.

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....e income-tax payable on the total income of a non-resident (not being a company) or a foreign company, which includes any income specified in the column B of the Table below, shall be the aggregate of income-tax specified in the column C thereof. Table Sl. No. Income Income-tax payable A B C 1. Dividend [other than dividends specified against serial number 2. 20% 2....

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....of units, purchased in foreign currency, of a Mutual Fund specified in Schedule VII (Table: Sl. No. 20 or 21) or of the Unit Trust of India. 20 % 8. Total income as reduced by income referred to against serial numbers 1 to 7. Income-tax chargeable on such income. (2) Where the total income of a non-resident (not being a company) or of a foreign company, includes any income by way of....

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.... for technical services [other than income referred to in section 59(1)]. 20% 3. Total income as reduced by income referred to against serial numbers 1 and 2. Income-tax chargeable on such income. (3) Where the royalty referred to in sub-section (2) is in consideration for the transfer or grant of all or any rights (including the granting of a licence)-- (a) in respect of c....

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....section 9. (5) No deduction in respect of any expenditure or allowance shall be allowed under sections 28 to 61 and section 93 for computing income referred to in sub-sections (1) and (2). (6) Where the gross total income of an assessee-- (a) consists only of the income referred to in sub-section (1)(Table: Sl. No. 1 to 7), no deduction shall be allowed under Chapter VIII; ....