Taxability of dividends paid to NRIs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2010
Kindly let me know whether share dividends paid to NRIs are tax free or taxable and also quote the Sec. of Income Tax so that I can take up the issue with my chartered accountant if he is wrong.
NISHIT A. DOSHI
(Expert)
23 April 2010
Hi,
The dividend paid by the indian company is not taxable in the hands of its shareholders as the dividend distribution tax is borne by the company.
Relevant section is 115-O of income tax act.
REGARDS,
NISHIT DOSHI
The dividend paid by the indian company is not taxable in the hands of its shareholders as the dividend distribution tax is borne by the company.
Relevant section is 115-O of income tax act.
REGARDS,
NISHIT DOSHI
taxindiaconnect
(Expert)
04 May 2010
Agreed
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