Income from a Non-resident company taxability

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An Indian resident with significant interest in a Dubai-based Limited Liability Company is seeking guidance on the tax implications of their income. The query specifically asks about the formalities required and how income from event management, car servicing, and hair dressing businesses will be taxed. It also questions whether the profit share received constitutes a dividend.

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(Querist)
15 March 2025 Individual, Indian Resident, is having substantial interest in Dubai Limited Liability Company. What formalities he has to adopt and the taxability of his income from that non-resident company?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 March 2025 what is the nature of Income he is currently deriving from this non-resident company?
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G.GOVINDARAJAN

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G.GOVINDARAJAN (Querist)
17 March 2025 Nature of business: Event Management, Car Servicing & Hair Dressing.
He is receiving Share of Profit
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 March 2025 so in the nature of dividend?
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