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Now, it's easier for India Inc to get dividends from abroad
Rediff.com

Now, it's easier for India Inc to get dividends from abroad

Providing relief to Indian companies with profitable subsidiaries abroad, such as Hindalco and Tata Motors, the Union Budget has maintained the 15 per cent concessional tax on dividends received and removed the sunset clause of March 31 this year. This is good news for companies such as Tata Power, ICICI Bank, Bank of Baroda, Godrej Consumer Products, Marico, Dabur, Tata Global and Coromandel Agro, all of which receive dividend from foreign subsidiaries. “The proposed amendment to provide ... Rediff.com, 1 week ago
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