Section 115BBD of ITA, 1961 : Section 115Bbd: Tax On Certain Dividends Received From Foreign Companies
ITA, 1961
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Explanation using Example
Imagine an Indian company, TechSpark Pvt. Ltd., holds a 30% equity share in a foreign company called Innovate Inc., which is based in Germany. Innovate Inc. declares a dividend of INR 10,00,000, which TechSpark Pvt. Ltd. receives as income.
Under Section 115BBD of the Income-tax Act, 1961, TechSpark Pvt. Ltd. must pay tax on this dividend...
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