Section 115 A- Tax on dividends, royalty and technical service fees in the case of foreign companies

Section 115 A- Tax on dividends, royalty and technical service fees in the case of foreign companies

Rate of tax shall be 20% under Section 115A on dividend (other than dividends referred to in section 115-O) received by a
foreign company or a non-resident non-corporate assessee

Follow the below steps to enetr Section 115 A detail.

Open the Income Tax software, go to Transactions → NRI Provisions option given in menu bar.


Here you can enter value in section 115 A








Hope this Helps

    • Related Articles

    • Income Tax || How to input foreign bank account details

      The refund generated upon processing the income tax return is presently credited directly to taxpayers' bank accounts. It is mandatory to provide the details of the bank accounts where the refund is to be credited for direct processing. However, ...

    • Section 194J – Fees for professional or technical services

      Section 194J – Fees for professional or technical services New section codes 194J (a) and 194J (b) are added in Form 26Q,  Same should be applicable for statements pertains to FY 2020-21 onwards 194J (A).  The existing section code 194J (i.e. Fees ...

    • Process to generate TDS Return (Salary / Non Salary / Non Resident / TCS)

      TDS, or Tax Deducted at Source, is a mechanism established under the Income Tax Act to ensure a steady collection of taxes from various income sources. In this system, any company or individual making a payment is mandated to deduct a certain ...

    • Income Tax || Slab for FY 2020-2021 (AY 2021-2022) in India

      Income Tax Slab for Resident Individuals aged less than 60 Years(Both Male & Female) Budget 2020 has given the individuals options to choose from FY 2020-21 onwards. Either to opt for the same tax rates which were applicable in last year or the new ...

    • ITR 7 - Where we can enter Deductions under section 57

      ITR 7 - Where we can enter Deductions under section 57 The income chargeable under the head "Income from other sources" shall be computed after making the following deductions, namely :—  (i)  in the case of 17[dividends, other than dividends ...