Dear Team,
What is the Income tax rate on dividend received by Indian company from foreign subsidiary company..?
3 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 15 June 2022
10/15% depends if it is covered under 111A/112A
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 15 June 2022
At present, dividends received by Indian companies from their foreign subsidiaries are subject to a concessional tax rate of 15 per cent under Section 115BBD of the Income Tax (I-T) Act. The provisions of this section shall not apply from assessment year 2023-24.
sabyasachi mukherjee
(27713 Points)
Replied 16 June 2022
Only the stake percent you hv not mentioned. It's 26% or more in nominal value of equity shares(specified foreign company).
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