No concessional tax rate on dividends from foreign entities to impact startups, companies looking to bring in cash to India

Up until now, the dividend received by an Indian company from a foreign subsidiary or company where it held at least 26% was taxed at a concessional rate. The concessional rate—15%—has now been removed, the finance minister said Tuesday.

from Tech-Economic Times https://ift.tt/TyGxCPt7K