If dividends are paid to a share holder who happens to be a US Citizen, is the dividend amount received taxable for that person in US? I understand that the company has to pay dividend tax in India. I would appreciate any information in this regard.
Menu
Dividends paid to US citizen
Replies (1)
Any income by way of dividend as referred in Section 115-O is exempt for all Individuals irrespective of their residential status.
Section 115-O dividend means Dividends on which dividend Distribution Tax is paid by the Company.
So it's exempt income.
Please refer Section 10(34)
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
