Dividend from a foreign co.
This query is : Resolved
17 November 2008
Dividend from Indian co. is exempt from income tax in India. But what will be tax treatment if a person earn a dividend from a foreign co. in foll. cases:-
1. His residential status is resident in India.
2. His residential status is resident but not ordinary resident
What if he has paid tax on such income in foriegn country.
1. His residential status is resident in India.
2. His residential status is resident but not ordinary resident
What if he has paid tax on such income in foriegn country.
17 November 2008
1 taxable as other sources.
2 no tax
he will get relief u/s 90/91 on taxes paid.
2 no tax
he will get relief u/s 90/91 on taxes paid.
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