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dividend from foreign co.
Dividend from Indian co. is exempt from income tax in India. But what will be tax treatment if a person earn a dividend from a foreign co. in foll. cases:-
1. His residential status is resident in India.
2. His residential status is resident but not ordinary resident
Replies (4)
In both the cases it will be taxable as Income From Other Sources....
Thanx for reply...
But what if any tax is already paid by the assessee on the same income in foreign country. Will he get credit of this while paying tax in India??
It is taxable under the head income from other sources.
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