India - Income Tax Act 2010 - Saarc

Sch. I FINANCE ACT, 2010 2.36Rate of income-tax(iii) on income by way of interest payable byGovernment or an Indian concern on moneysborrowed or debt incurred by Governmentor the Indian concern in foreign currency(iv) on income by way of royalty payable byGovernment or an Indian concern inpursuance of an agreement made by it withthe Government or the Indian concern afterthe 31st day of March, 1976 where such royaltyis in consideration for the transfer of allor any rights (including the granting of alicence) in respect of copyright in any book ona subject referred to in the first proviso tosub-section (1A) of section 115A of theIncome-tax Act, to the Indian concern, or inrespect of any computer software referred toin the second proviso to sub-section (1A) ofsection 115A of the Income-tax Act, to a personresident in India—(A) where the agreement is made beforethe 1st day of June, 1997(B) where the agreement is made on orafter the 1st day of June, 1997 but beforethe 1st day of June, 2005(C) where the agreement is made on orafter the 1st day of June, 2005(v) on income by way of royalty [not being royaltyof the nature referred to in sub-item(b)(iv)] payable by Government or an Indianconcern in pursuance of an agreement madeby it with the Government or the Indianconcern and where such agreement is with anIndian concern, the agreement is approvedby the Central Government or where it relatesto a matter included in the industrialpolicy, for the time being in force, of theGovernment of India, the agreement is inaccordance with that policy—(A) where the agreement is made afterthe 31st day of March, 1961 but beforethe 1st day of April, 1976(B) where the agreement is made afterthe 31st day of March, 1976 but beforethe 1st day of June, 1997(C) where the agreement is made on orafter the 1st day of June, 1997 but beforethe 1st day of June, 200520 per cent;30 per cent;20 per cent;10 per cent;50 per cent;30 per cent;20 per cent;