Rate of Tax on Long Term Capital Gain

When Security Transaction Tax (STT) is Paid: - Any Long Term Capital Gain arises on Sale of Securities (not held as Stock in Trade) through Stock Exchange on which STT is Paid then Rate of Tax will NIL (Exempted from Tax) for Gain Up to Rs. 1 Lakh and Any Long Term Capital Gain arises on Sale of Securities (not held as Stock in Trade) through Stock Exchange on which STT is Paid exceeding Rs. 1 Lakh then Rate of Tax will be 10% for such Long Term Capital Gain Exceeding Rs. 1 Lakh.

When Security Transaction Tax (STT) is Not Paid: - Any Long Term Capital Gain Arising from Sale or Transfer of Capital Assets (Other than Securities) then Rate of Tax will 20% if Benefit of Indexation is taken or Rate of Tax will be 10% if Benefit of Indexation is not Taken.

Rate of Tax on Short Term Capital Gain

When Security Transaction Tax (STT) is Paid: - Any Short Term Capital Gain arises on Sale of Securities (not held as Stock in Trade) through Stock Exchange on which STT is Paid then Rate of Tax will be 15%.

When Security Transaction Tax (STT) is Not Paid: - Any Short Term Capital Gain Arising from Sale or Transfer of Capital Assets (Other than Securities) then Rate of Tax will Slab Rate Applicable to Assessee.

 

Rate of Tax on Dividend

Dividend Received by Indian Company from Foreign Company: - Any Dividend Received by Indian Company will Taxed at the Rate of 15% without allowing any Expenses i.e. Rate of Tax will be 15 % on Gross Value of Dividend.

Dividend Distribution made by Indian Company: - Any Dividend Distribution made by Indian Company will be Taxed at the Rate of 20.358% on Dividend Paid.

Dividend Received by Individual, HUF and Firm from Domestic Company: - Dividend Received by Individual, HUF and Firm from Domestic Company up to Rs. 10 Lakh is Exempted from Tax and any Dividend Received by Individual,HUF and Firm from Domestic Company Exceeding Rs. 10 Lakh will be Taxed at the Rate of 10% 

 

Rate of Tax on Buy Back 

Buy Back of  Unlisted Share: - Any amount paid on buyback of Shares excess of Issue Price will be Taxable in the Hands of Unlisted Company at the Rate of 23.072%.

 

Rate of Tax for Non - Resident

Rate of Tax on Long Term Capital Gain: - Any Long Term Gain arising from Sale or Transfer of Capital Assets will taxable at the Rate of 10%. But in case of Long Term Gain arising from Sale or Transfer of Foreign Exchange then will Exempted from Tax if Net Consideration is utilised for Purchase of Foreign Exchange within 6 months from the Date of Transfer.

Rate of Tax on Interest Income

Interest on Foreign Currency Loan Given to Indian Government or Indian Concern: - Any  Income in form of Interest earned by a Non Resident on Foreign Currency Loan Given to Indian Government or Indian Concern will Taxable at the Rate of 20%.

Interest on Foreign Currency Loan Given to Infrastructure Debt Fund: - Any Income in form of Interest earned by a Non Resident On Foreign Currency Loan Given to Infrastructure Debt Fund will be Taxable at the Rate of 5%.

Rate of  Tax on Royalty and Fees 

Royalty and Fees for Technical Services: - Any Income earned by a Non Resident or foreign Company not having Permanent Establishment in India in form of Royalty and Fees for Technical Services shall be Taxable at Rate of 10%.

Royalty and Fees for Technical Services: - Any Income earned by a Non Resident or foreign Company having Permanent Establishment in India in form of Royalty and Fees for Technical Services shall be Taxable at Rate of slab Rate.

Long Term Capital Gain on Global Depository Receipt: - Any Income earned in form of Long Term Capital Gain by a Non Resident On Bonds of Indian Company or Global Depository Receipt acquired in Foreign Currency shall be Taxable at the Rate of 10%.

Interest Income on Global Depository Receipt: - Any Income in form of Interest earned by a Non Resident On Bonds of Indian Company or Global Depository Receipt acquired in Foreign Currency shall be Taxable at the Rate of 10%.

Any of Interest Earned by Non Resident: - Any Non Resident earn Income in form of Interest, Rate for which Specially not Defined shall be Taxable at the Rate of 20%.

Income other than Royalty and Interest: - Any Income Earned by Non Resident other than Long Term Capital Gain or Interest Income will be taxable at the Rate of Slab Rate Applicable to Assessee.

Income by Non Resident Sports Person, Non Resident Sports Association and Non Resident Entertainer: - Any Income Earned by Non Resident Sports Person, Sports Association and Non Resident Entertainer shall be Taxable at the Rate of 20%.

Rate of Tax on Equalisation Levy: - Payment Exceeding Rs 1 Lakh paid by a Person Resident in India carrying Business or Profession or Non Resident having Permanent Establishment in India to Non Resident or Foreign Company for  Online Advertisement or any Facility or Space or services for Online Advertisment shall be liable to Deduct equalisation Levy at the Rate of 6%. Any Payment Received by Such Foreign Company or Non Resident shall be exempted from Tax.

Rate of Tax on Royalty Income: - Any Income Earned from Patent as Royalty Income Shall be Taxable at the Rate of 10%. No Expenditure is allowed.

Minimum Alternative Tax (MAT)

Incase Company Incorporated Inside India : - Minimum Alternative Tax (MAT) on Book profit shall be Taxable at the 18.5% + Surcharge (if any) + Education Cess 4%.

Incase Company Incorporated outside India : - Minimum Alternative Tax (MAT) on Book profit shall be Taxable at the 18.5% + Surcharge (if any) + Education Cess 4%.

Alternate Minimum Tax

Incase

 Company Incorporated Inside India : - Minimum Alternative Tax (MAT) on Book profit shall be Taxable at the 18.5% + Surcharge (if any) + Education Cess 4%.