The rate of tax leviable on dividend from specified foreign companies received by an Indian company for the AY 2020-21 under section 115BBD of the Income-tax is:
A. 15% on dividend in excess of 7 10,00,000
B. 15%
C. 10% on dividend in excess of 7 10,00,000
D. 10%
Answer:B
The rate of tax leviable on dividend from specified foreign companies received by an Indian company for the AY 2020-21 under section 115BBD of the Income-tax is:
A. 15% on dividend in excess of 7 10,00,000 B. 15% C. 10% on dividend in excess of 7 10,00,000 D. 10%