Where a foreign institutional investor received income in respect of securities other than income by way of dividend referred to in section 115-O or received in respect of securities other than units referred to in secti

CS Executive · Tax Laws and Practice · PYQS · December 2015
Where a foreign institutional investor received income in respect of securities other than income by way of dividend referred to in section 115-O or received in respect of securities other than units referred to in section 115AB, such income is taxable @
(A) 15%
(B) 10%
(C) 20%
(D) 30%.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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