In order to be entitled to concessional rate of tax for dividend received from a foreign co., the Indian co. should have the following minimum shareholding in such foreign co.
A. 10%
B. 25%
C. 26%
D. 51%
Answer:C
In order to be entitled to concessional rate of tax for dividend received from a foreign co., the Indian co. should have the following minimum shareholding in such foreign co.
A. 10% B. 25% C. 26% D. 51%