DIVIDEND TAX applicable to NRI


This query is : Resolved 

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This discussion clarifies the tax treatment of dividend income for Non-Resident Indians (NRIs) who previously held investments as residents. For dividends received in FY 21-22, an NRI shareholder will be taxed at a special rate of 20%, plus applicable cess and surcharge, on their equity share investments.

12 June 2022 A person has investment in Equity shares while his status was Resident. Subsequently he becomes a NRI. The Dividend income received by him in the FY 21-22 is to be taxed at Normal Rates or Special rates

13 June 2022 In case of a shareholder qualifying as a 'non-resident' in India under the Income Tax Act, dividend income is taxable at 20% plus applicable cess and surcharge....

13 June 2022 Thanks for clearing my doubt.

13 June 2022 You are welcome
...


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