Divident Taxation

Dividend received from a foreign company is taxable. It will be charged to tax under the head “income from other sources.”

Dividend received from a foreign company will be included in the total income of the taxpayer and will be charged to tax at the rates applicable to the taxpayer. For instance, if the taxpayer comes in the 30% tax slab rate, then such dividend will also be taxable at 30% along with cess.

Even in the case of foreign dividend, the investor can claim deduction only for the interest expense restricted to 20% of the gross dividend income.

Dividend received is taxed at maximum slab rate applicable to an assessee. It is included in total income under income from other sources. Note that whatever taxes deducted from dividend in foreign country is available as relief under DTAA . Tax is on dividend income and sending amount to India is a different aspect altogether.

Full amount of dividend i.e. Rs 23000 will be taxed under IFOS... if assessee is Resident .
In other cases only Rs.2000 will be taxed in India under IFOS.

sir in case not ordinary resident and non resident what amount would be taxable

Only Rs.2000 will be taxable

Sir Do you mean for resident for 23000 and not-ordinary resident for 2000 and non-resident for 2000???

Yes.. As per Section 5 of the IT Act,1961.

If he is a ordinary resident then all the income earned anywhere in the world will be taxable in India