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TDS on Dividend of Indian Company

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(Querist)
27 October 2009 Our company is an Indian Company.
A foreign company holds it's 30% share.
Our Company is paying Dividend to this foreign Comany.
Whether any TDS applicable?
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CA Balram Sharma

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CA Balram Sharma (Expert)
28 October 2009 There in no requirement to deduct tds on the payment of dividend,

Because as per the section 115-0, if domestic company declared or paid require to pay dividend tax @15% + surcharge 10% + ed 3 %

and divident will be exempted in the hand of share holer,

So there is no applicabilty of TDS
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taxindiaconnect

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taxindiaconnect (Expert)
28 October 2009 Agreed with expert Mr. Balram.




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