Section Text
a) where the company is a domestic company ---
(i) on income by way of interest other 20 per cent.: than "Interest on securities"
(ii) on income by way of winnings 40 per cent.; from lotteries and crossword puzzles (iii) on income by way of winnings 40 Per cent.. from horse races (iv) on any other income (excluding 21.5 per cent.: interest payable on a tax-free security) (b) where the company is not a domestic company---
(i) on income by way of dividends payable 25 per cent.: by any domestic company (ii) on income by way of winnings from 40 per cent.: lotteries and cross word puzzles (iii) on income by way of winnings 40 Per cent.. from horse races (iv) on income by way of interest 25 per cent.: payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (v) on income by way of royalty 30 per cent.: payable by Government or an Indian concern in pursuance of an agreement made by it with the Gov- ernment or the Indian concern after the 31st day of March.