| For
the Assessment Year 2007-08 |
| Name
of Income |
Rate* |
| Dividend** |
20% |
| Interest
received on loans made in foreign currency to an Indian concern
or Government of India. |
20% |
| Income
received in respect of units purchased in foreign currency |
20% |
| Royalty
fees or technical fees |
For
Agreements entered into:
- After 31.05.97 but before
01.06.05 - @ 20%
- After 01.06.05 - @ 10%
|
| Interest
on FCCB |
10% |
*The rates
further increases by surcharge and education cess.
**Other than dividends on which Dividend Distribution Tax (DDT) has
been paid.
Note:- If the NRI has a Permanent Establishment (PE) in
India & the royalty or the fees for technical services paid is
effectively connected with such, the same could be taxed at 40% (+
surcharge & education cess) on net basis. |
