Dividend from Shares
This query is : Resolved
05 December 2021
Dear Sir,
One of my client is holding shares in American stock market and has received dividend from Shares. He got dividend in dollars after certain amount of tax deducted in America. He then transferred the amount in his Indian bank account which accounts for Rs. 4 lacs if converted in rupees.
Will this dividend be taxable in India. He falls under highest tax bracket in India as he receives salary in India.
Please help me in this matter.
Regards,
Divyesh Jain
One of my client is holding shares in American stock market and has received dividend from Shares. He got dividend in dollars after certain amount of tax deducted in America. He then transferred the amount in his Indian bank account which accounts for Rs. 4 lacs if converted in rupees.
Will this dividend be taxable in India. He falls under highest tax bracket in India as he receives salary in India.
Please help me in this matter.
Regards,
Divyesh Jain
05 December 2021
YES. IT WILL BE TAXABLE. HE CAN GET REBATE OF TAX PAID IN US.
06 December 2021
Ok, Thanks for your reply
06 December 2021
My Pleasure ...
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