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Can't enter "chargeable under dtaa rate" income on sch si

S Desai (Individual) (10 Points)

27 August 2015

Hi!

I've received dividend on shares traded in US. On the dividend income 25% tax is withheld in US. As per my understanding we are supposed to mention the dividend income under Schedule SI, "2. Chargeable under DTAA Rate" section in ITR-2 form and get a tax relief using Schedule TR. Even the heading of the column says "Section code (Serial nos other than Sl no 1,2 are autofilled)". In year 2014 ITR-2 form we can enter amount for "Income" and "Taxable Income after adjusting for Min Chargeable to Tax". But, for year 2015 entry in these cells are disabled.

I want to know:

1) Are there any change in rules that's why these fields are disabled?

2) When should I enter this dividend income?

Thanks for the help!

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3 Replies

Udgam Koomar (Tax Technologist) (1949 Points)
Replied 27 August 2015

Please first select option Yes in column 15 under section TTI

S Desai (Individual) (10 Points)
Replied 27 August 2015

Thanks for the reply Uttam. I believe you are referring to following row on TTI:

Do you have at any time during the previous year,-
(i) hold, as beneficial owner, beneficiary or otherwise, any asset (including financial interest in any entity) located outside India or
(ii) ) have signing authority in any account located outside India or
(iii) have income from any source outside India?
[applicable only in case of a resident] [Ensure Schedule FA is filled up if the answer is Yes ]

I've selected Yes. Still, under SI, DTAA shows up as below:

Cells are not green and doesn't allow me to enter any values. I believe values are picked up from somewhere else, but I don't know where to enter that.

Appreciate any help.