TDS

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2011
Hi,

Is TDS applicable on remmitence of dividend to overseas wherein Dividend Distribution Tax is paid??

Please help supported with reference .

Thanks

27 June 2011 U/s 10(34) any income by way of dividend referred to in Section 115-O is exempt.

Hence after DDT the distributed income is tax free for all the assessees irrespective of their residential status.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2011 thanx sir for your quick response


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