Tax Book 2023

Deduction / Payment of Tax Chapter- 23

whereas such dividend is a pass through item

under an Implementation Agreement or Power

Purchase Agreement or Energy Purchase

Agreement and is required to be reimbursed

by Central Power Purchasing Agency (CPPAG) or

its predecessor or successor entity

Nil do do do

15% 30%

b) In mutual funds and cases other than

mentioned at (a) above and (c) below

c) 0% in case of dividend received by a REIT

scheme from Special Purpose Vehicle and 35%

in case of dividend received by others from

Special purpose Vehicle as defined under the

Real Estate Investment Trust Regulations,

2015; and

d) In case of person receiving dividend from

a company w here no tax is payable by

such company, due to exemption of

income or carry forward of business

losses under Part-VIII of Chapter-I II or

claim of tax credits under Part-X of

Chapter-III.

25% 50%

150A (^) Omitted by Finance Act, 2021.
151 Profit on debt^
For ATL
15%
For
Non
ATL
3 0%
Minimum Tax
(Except received by
a company or POD
taxable u/s 7B) Payer
Payment or
credit of profit
to the account

1. Yield or profit (profit on debt) on account, deposit or a
   certificate under the National saving schemes or Post
   office savings account.
   Upto Rs. 5 Million
   Nil
   Government (Federal,
   Provincial or Local)
   Payment or
   credit of profit
   to the account