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 .
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
- Rebate u/sec. 87A
- 26QB Form - TDS
- Capital Gain Tax on Foreign Citizen
- GST ITC to Garment dealers
- Typo in PAN Number in Sale Agreement
- E Scrips generated automatically from ICEGate Any new Facility started
- Benefits to sr. Citizens
- BUDGET HIGHLIGHTS
- TDS ON COMMISSION PAID TO E COMMERCE OPERATOR - SWIGGY AND ZOMATO
- Query on ITC on GST
- EXIT FROM NPS
- Application to DCGST for rectification his order for ITC u/s 16(4) of GST Act
- Registration on Darpan portal
- HSN summery in time of credit note in GSTR1
- Distribution by pvt discretionary trust to its beneficiaries
- Gst entry IN TALLY PRIME
- Form No 10AB for new registration for 12A exemption
- What is Gross Block
- What is operating profit and non operating profit
- What is operating income and operating expenses
Trending Online Classes
-
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
Mr.Balamurugan Ranganathan13 March 2025
CAclubindia
