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Dividend

Ashish Saini (Self Employed at Ashish Saini & Associates) (180 Points)

22 July 2011

Whether Dividend Received to an NRI from Indian Company , is taxable or not...?

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8 Replies

Sunshine (Helping All) (10575 Points)
Replied 22 July 2011

no it isnt .... as tax is already paid...be it resident or NRI,it shoud not be taxable..wait fr seniors to comment..

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 22 July 2011

NOT TAXABLE

kamal kishor sen (STUDENT Rajasthan) (2156 Points)
Replied 22 July 2011

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)

Shah Tarun (Student) (800 Points)
Replied 22 July 2011

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)

Vijay (Adamo Studio) (2112 Points)
Replied 23 July 2011

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.

SkDash (CS (Member) CWA (Final)) (909 Points)
Replied 23 July 2011

Agree with Kamal

CA Himanshu Bansal (Risk Manager) (2345 Points)
Replied 23 July 2011

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)