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
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- Transporter Declaration form
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Copyright software
- FORM 26A APPLICABILITY
- Tds UNDER SECTION 195 INTEREST PAID TO NRI DIRECTOR
- Clarification on TDS Applicability
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
