Hello,
For an NRI (U.S. citizen), my understanding is that the tax rate on interest income is 15% and on dividends is 25% as per the DTAA.
Is my understanding correct?
If yes, how should these incomes be disclosed in ITR-2 so that the applicable 15% / 25% tax rates can be claimed?
For an NRI (U.S.Citizen), under the Double Taxation Avoidance Agreement (DTAA) between India and the U.S., the tax rates you mentioned are generally correct:
Interest income: 15%
Dividends : 25%
To disclose these incomes in ITR-2 and claim the appliable tax rates under DTAA;
CAclubindia
