Dividend income on shares held in foreign company
This query is : Resolved
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
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
CA Hardik Bunha
(Expert)
26 June 2012
Yes your dividend income subject to tax whenever u transfer it into india.
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.
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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