Tax on income of Foreign Institutional Investor (FII) – Section 115AD

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..... he income tax on the total income shall be chargeable as under: - Nature of income Rate of tax (i) Interest/Dividend received from FII 20% Specified Fund 10% .....

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..... t being a permanent establishment of a non-resident in India) calculated in the prescribed manner. [w.e.f. AY 2021-22] Specified Fund meaning same as assign in section 10(4D) Where the specified fund is investment division of an Offshore Banking Unit, the provisions of this section shall apply only to the extent of income that is attributable to the investment division of such OBU, .....

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..... e provision of chapter VI . Unabsorbed depreciation shall not be allowed to be set off against the income referred u/s 115A. On other income normal provisions and normal tax rates shall apply. There is no exemption on filing of return of income. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagement .....

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