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DTAA for USA & India Dividend received
Mr X Resident of India and works for Microsoft , has received shares as part of Employee benefits from Microsoft USA in 2016, and since then is receiving Dividends for the same on with USA is deducting taxation @ 33%. What shall be the tax rate applicable in India & Income Tax forms /return for the same
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Dividend received from a foreign company will be taxable under head Income from other sources and will be charged to tax at the rates applicable to the taxpayer. However, relief from Double Taxation will be available as per the provision of DTAA or otherwise as per Section 91 (in case there is no DTAA)
How to claim relief in return under which head.
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