Can't enter "chargeable under dtaa rate" income on sch si

1094 views 3 replies

S Desai

Individual

10 Points Posted on 27 August 2015

Hi!

I've received dividend on shares traded in US. On the dividend income 25% tax is withheld in US. As per my understanding we are supposed to mention the dividend income under Schedule SI, "2. Chargeable under DTAA Rate" section in ITR-2 form and get a tax relief using Schedule TR. Even the heading of the column says "Section code (Serial nos other than Sl no 1,2 are autofilled)". In year 2014 ITR-2 form we can enter amount for "Income" and "Taxable Income after adjusting for Min Chargeable to Tax". But, for year 2015 entry in these cells are disabled.

I want to know:

1) Are there any change in rules that's why these fields are disabled?

2) When should I enter this dividend income?

Thanks for the help!

Replies (3)

Udgam Koomar

Tax Technologist

1949 Points Posted on 27 August 2015

Please first select option Yes in column 15 under section TTI

S Desai

Individual

10 Points Posted on 27 August 2015

Thanks for the reply Uttam. I believe you are referring to following row on TTI:

Do you have at any time during the previous year,-
(i) hold, as beneficial owner, beneficiary or otherwise, any asset (including financial interest in any entity) located outside India or
(ii) ) have signing authority in any account located outside India or
(iii) have income from any source outside India?
[applicable only in case of a resident] [Ensure Schedule FA is filled up if the answer is Yes ]

I've selected Yes. Still, under SI, DTAA shows up as below:

Cells are not green and doesn't allow me to enter any values. I believe values are picked up from somewhere else, but I don't know where to enter that.

Appreciate any help.