Incentive Schemes Overview

Corporate tax benefits | Beneficial tax framework . Abolition of dividend distribution tax-Dividend taxable for the shareholder • No cascading effect - Dividends received not taxable for an Indian company, if it onward pays dividend in prescribed time A Access to lower dividend tax rates under the treaty (as low as 5% / 10%) • Ease of tax credit in parent company jurisdiction Reduction of group tax cost Dividend received from foreign subsidiaries is taxable at a concessional rate of 15%* Special tax rate of 5%* in case of foreign lenders, for interest on monies borrowed before 1 July 2023 (subject to conditions) Strong treaty network with approx. 94 nations 000 ARA Long term capital gains taxable at a reduced rate of 10%*, in case of non- resident shareholders (subject conditions and treaty benefit, if any) No obligation to file an income- tax return by non-resident companies in case of royalty, technical service fee, dividend or interest income, if it has been subjected to WHT as per domestic tax law India - a destination of choice for setting up manufacturing operations *plus applicable surcharge and cess 14

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