DTAA
This query is : Resolved
deepak mekhale
(Querist)
13 August 2010
dear sir,
i.was return in india 2 year ago from dubai,when i was in dubai i had invest in shares & mutual fund in dubai.so, now i am resident in india from last 2 year.so, my query is wether dividend received on these shares taxble in india? and if we are sales these shares & mutual Fund chargable to tax in india and also it is necessary to disclose this information in my income tax return.
i.was return in india 2 year ago from dubai,when i was in dubai i had invest in shares & mutual fund in dubai.so, now i am resident in india from last 2 year.so, my query is wether dividend received on these shares taxble in india? and if we are sales these shares & mutual Fund chargable to tax in india and also it is necessary to disclose this information in my income tax return.
16 August 2010
Yes You must hav to show this income in your Income tax return.
1] Dividend recd from foreign company is taxable in your hands...
2] & even when you sale these shares & mf...it is chargeable for tax in india.
3]n if you are not going to sale, than you must hav to show these foreign stock investments in your balancesheet.
Regds,
vandana
1] Dividend recd from foreign company is taxable in your hands...
2] & even when you sale these shares & mf...it is chargeable for tax in india.
3]n if you are not going to sale, than you must hav to show these foreign stock investments in your balancesheet.
Regds,
vandana
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