Dividend

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Self Employed at Ashish Saini & Associat
180 Points Joined February 2009

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

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On 22 July 2011 at 18:56 Report
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Helping All
10575 Points Joined March 2010

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

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On 22 July 2011 at 19:19
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CA IN PRACTICE
16719 Points Joined May 2011

NOT TAXABLE                                                     

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On 22 July 2011 at 19:34
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STUDENT Rajasthan
2156 Points Joined November 2009

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)

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On 22 July 2011 at 19:56
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Student
800 Points Joined May 2008
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)
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On 22 July 2011 at 20:03
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Adamo Studio
2112 Points Joined March 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.
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On 23 July 2011 at 10:16
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CS (Member) CWA (Final)
909 Points Joined February 2009

Agree with Kamal

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On 23 July 2011 at 10:20
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Risk Manager
2345 Points Joined April 2008
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)
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On 23 July 2011 at 17:31
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Employee
37 Points Joined May 2011

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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On 24 July 2011 at 17:25


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