The following incomes in the case of non-resident Indians (NRIs) are taxed at special rates on gross basis:
Transaction
|
Rate (a)
|
Dividend (b)
|
20 %
|
Interest received on loans given in foreign
currency to Indian concern or Government
of India.
|
20 %
|
Income received in respect of units purchased in foreign currency of specifies Mutual Funds /
UTI
|
20 %
|
Royalty or fees for technical services
|
25 %
|
Interest income from a notified infrastructure debt fund
| |
Interest on FCCB, FCEB / Dividend on GDRs(b)
|
10 %
|
(a) These rates will further increase by applicable surcharge and education cess.
(b) Other than dividends on which DDT has been paid.
(c) In case the non-resident has a Permanent Establishment (PE) in India and the royalty / or fees for technical services paid is effectivelyconnected with such, the same could be taxed at 40 % (plus applicable surcharge and education cess) on net basis.
(2) Tax on non-resident sportsmen or sports association on specified income at 10% plus applicable surcharge and education cess.
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