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Foreign Dividend earn

2015 views 2 replies

Rajat jain

student

239 Points Posted on 25 August 2025

If we Earn Divided from USA so while filling ITR we take usa dividend from Jan 2024 to Dec 2024 or from April 2024 to March 2025 while filling ITR for A.Y. 2025-26 because form 1042-S is available calendar year wise while filling form 67 we need to attach 1042-S of use for claiming DTAA benefits for tax withholding there.

Please guide which period income should be taken while filling ITR.

Replies (2)

Quick Summary

This discussion clarifies how to report foreign dividend income, specifically from the USA, when filing your UK Income Tax Return (ITR) for Assessment Year 2025-26. It explains that you should use the Indian financial year basis (April 2024 to March 2025) for your ITR. Although Form 1042-S is calendar year-based, you'll need to split the data and use alternative proof for dividends earned between January and March 2025 when claiming Double Taxation Avoidance Agreement (DTAA) benefits.

Aashok Kumar Sharma

Finance/Compliance Consultant

68499 Points Posted on 25 August 2025

👉 For ITR (A.Y. 2025-26), you must take foreign dividend income from Apr 2024 – Mar 2025 (Indian financial year basis).
👉 Form 1042-S is on calendar year basis, so you’ll need to split the data:

Use Apr–Dec 2024 from 1042-S (2024).
Add Jan–Mar 2025 dividends separately (from broker/bank records).
👉 Attach 1042-S (2024) in Form 67 for FTC claim, and use alternative proof for Jan–Mar 2025.