TaxTMI 
TaxTMI 
TaxTMI 
Tax on dividends, royalty and fees for technical service in case of foreign companies.
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....ome-tax payable on the total income of a non-resident (not being a company) or of a foreign company, which includes any income specified in the column B of the Table below, shall be the aggregate of income-tax computed at the rate specified in the column C applied on the corresponding income specified in column B. Table Sl.No. Income Rate of Income-tax payable A B C 1. Dividend [other tha....
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....respect 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. Rates in force. (2) Where the total income of a non-resident (not being a company) or of a foreign company, includes any income by way of royalty or fees for tech....
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.... other than income referred to in section 59(1). 20% 2. Fees 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. Rates in force. (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)--....
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....gned to it in section 9. (5) No deduction in respect of any expenditure or allowance shall be allowed under sections 28 to 58, 60 and 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 ....