Mastodawn

Surcharge removed for certain incomes of non-residents

From AY 2025-26, no surcharge will apply on the following for any status (including firms, LLPs, foreign companies):

• Interest from securities [Sec 115AD(1)(i)] – Specified Fund
• Dividend income [Sec 115AD(1)(i)] – Specified Fund

Earlier, surcharge was applicable to firms, LLPs, and foreign companies. Not anymore.

Update via Finance Act (No. 2), 2024.