Whether Dividend Received to an NRI from Indian Company , is taxable or not...?
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Dividend
Replies (8)
no it isnt .... as tax is already paid...be it resident or NRI,it shoud not be taxable..wait fr seniors to comment..
NOT TAXABLE
Tax on Dividend for NRI:-
As per section 10(34) of IT Act, dividends paid by Indian companies whether paid in or out of India are exempt in the hands of shareholders irrespective of their residential status. Further, dividends from mutual funds are exempt u/s 10(35)
| Originally posted by : kamal kishor sen | ||
 |
Tax on Dividend for NRI:- As per section 10(34) of IT Act, dividends paid by Indian companies whether paid in or out of India are exempt in the hands of shareholders irrespective of their residential status. Further, dividends from mutual funds are exempt u/s 10(35) |
 |
Simply one thing can not be taxed twice & as indian cos are already paying CDT/DDT it will be exempt in the hands of shareholders.
Agree with Kamal
| Originally posted by : kamal kishor sen | ||
|
|
Tax on Dividend for NRI:- As per section 10(34) of IT Act, dividends paid by Indian companies whether paid in or out of India are exempt in the hands of shareholders irrespective of their residential status. Further, dividends from mutual funds are exempt u/s 10(35) |
|
But Dividend is taxed in the hands of company(DDT) at provisioning itself,though dividend is declared out of PAT...
So this dividend is actually taxed twice with different names? Is it sensible.
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