26 Corporate Taxation Extension of sunset clause for lower rate of tax on dividends from specified foreign company  Section 115BBD of Income-tax Act
{"Image DocumentName": "Corporate TaxationExtension of sunset clause for lower rate of tax on dividends from specified foreign company.", "Image ImageDescription": "Section 115BBD of Income-tax Act provides for taxation of gross dividends received by an Indian company from a specified foreign company (in which it has shareholding of 26% or more) at the rate of 15% if such dividend is included in the total income for the Financial Year i.e. Assessment Year The above provision was introduced as an incentive for repatriation of income earned by residents from investments made abroad subject to certain conditions. In order to continue the tax incentive for one more year, section 115BBD has been amended to extend the applicability of this section in respect of income by way of dividends received from a specified foreign company in Financial Year also, subject to the same conditions.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}