DTAA Income
This query is : Resolved
17 January 2025
The Department is conidered the DTAA Income ( Dividend Received from Foriegn Company in USA ) as income from Other sources instead of Specail rate income ( as per Article 10 of DTAA with USA ) and taxed at Normal Slab Rates and raised the demands accordingly, Please clarify the why demand is raised.
18 January 2025
Dividends from US stocks are not taxed twice, thanks to the India-US DTAA. While the US deducts a 25% withholding tax, you can claim this amount as a credit in India by filing Form 67 and Schedule TR in your ITR .
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