DTAA Income
This query is : Resolved
K Vishwanath
(Querist)
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.
CA R SEETHARAMAN
(Expert)
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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