As per section 115BBD where the total income of an Indian company includes any income by way of dividends declared, distributed or paid by a specified foreign company, such income of divided shall be chargeable to tax at

CS Executive · Tax Laws and Practice · PYQS · December 2020
As per section 115BBD where the total income of an Indian company includes any income by way of dividends declared, distributed or paid by a specified foreign company, such income of divided shall be chargeable to tax at the rate of ______ with applicable surcharge and cess.
(A) 5%
(B) 10%
(C) 15%
(D) 20%

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Special Provisions relating to Certain Incomes

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