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Dividend income on shares held in foreign company

This query is : Resolved 
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(Querist)
26 June 2012 Hello,

I am an Indian resident and a citizen and am about to acquire a 15% shareholding in a company based in Oman/Muscat. Will my dividend income be subject to tax in India?

Looking forward to your kind advice.

Best Regards,
Sumeet
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
26 June 2012 Yes your dividend income subject to tax whenever u transfer it into india.
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Durgesh Joglekar

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Durgesh Joglekar (Expert)
27 June 2012 Yes Agree with Hardik.
However in absence of DTAA Dividend is taxable to you irrespective of you tranfer it to India or not as you are Resident as per Income tax act.
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