Wednesday, February 2, 2022

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
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