dividend received from foreign company tax treatment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2011
If a company/individual received dividend from foreign company, Is it liable to pay tax on such income? or Is it exempted?
In the above case if a company is sister concern to foreign company, then what is tax treatment?
Further if a Indian company declares dividend out of dividend received from foreign company Is it taxable?
In the above case if a company is sister concern to foreign company, then what is tax treatment?
Further if a Indian company declares dividend out of dividend received from foreign company Is it taxable?
11 March 2011
The company/individual receiving dividend from foreign company shall be liable to tax in India.
In case the company is a sister concern then in the Budget 2011 there is proposal to tax such dividend @15%.
Yes the Dividend Distribution Tax needs to be paid by indian Company.
Anuj
9810106211
In case the company is a sister concern then in the Budget 2011 there is proposal to tax such dividend @15%.
Yes the Dividend Distribution Tax needs to be paid by indian Company.
Anuj
9810106211
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