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TDS

This query is : Resolved 

25 October 2009 A public Co. has declared Dividend.One of its Shareholder is an NRI Individual residing in Singapore. Whether any TDS is required to be deducted on payment of Dividend to this NRI Shareholder?

25 October 2009 No TDS. Pl refer proviso to section 195(1) of The Income tax Act,1961.

25 October 2009 Agree with the Expert. As the Dividend Distribution tax has been paid on the dividend, no further tax is to be deducted.

26 October 2009 Thanx Experts


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