DIVIDEND RECEIVED FROM SINGAPORE COMPANY TAXABILITY IN INDIA IN HAND OF INDIAN RESIDENT

Mr. A a Indian resident incorporated a company in Singapore being a single director.

The company made profit of Singapore dollar 177494 and paid Tax as per tax rate in Singapore for the respective financial year ended at 30.09.2021.

Now , Mr. A had withdrawn his share of profit from Singapore company of 40000 Singapore dollar.

Now, question is the amount withdrawn from Singapore company and recieved in India as foreign receipt.

Will be treated as dividend income from Singapore company in hand of Indian resident and will be taxable @ 10 %

Or it will considered as exempt income under DTAA agreement?