THE FOURTH SCHEDULE
(Rates for deduction of tax at source in the case of non-resident deductee)
|
S. No. |
Nature of Payment |
Rate |
|
1. |
Investment income by way of - |
|
|
|
(i) interest |
Twenty per cent. |
|
|
(ii) dividends on which distribution tax has not been paid |
Twenty per cent. |
|
|
(iii) capital gains |
Thirty per cent. |
|
|
(iv) any other investment income |
Twenty per cent. |
|
2. |
On income by way of royalty or fees for technical services. |
Twenty per cent. |
|
3. |
On income of a non-resident sportsman (not being a citizen of India) by way of- |
Ten per cent |
|
|
(i) participation in India in any game (other than a game the winnings wherefrom are taxable under sub-item (b) of item 4 of rule 3 of the First Schedule) or sports; |
|
|
|
(ii) advertisement; or |
|
|
|
(iii) contribution of articles relating to any game or sport in newspapers, magazines or journals in India. |
|
|
4. |
On income by way of winnings from lotteries, crossword puzzles, card games or any other game or gambling or betting. |
Thirty per cent. |
|
5. |
On income by way of winnings from horse races (not being the income from the activity of owning and maintaining race horses) |
Thirty per cent. |
|
6. |
On the whole of other income |
Thirty five per cent. |
