Hello Folks,
I have some foreign equity from where I got teeny tiny dividend. For this dividend, I do not want to claim double taxation benefit as it will make my returns go for manual processing and will take lot of time + AO involvement.
I am okay to pay extra tax, So I am thinking of showing the foreign asset in Schedule FA, Show the dividend income in Schedule FA and Income from Other sources - Dividends. But not fill Schedule FSI , TR for DTAA as well not fill the dividends under special DTAA rate.
is that correct ? Can one file a income in Schedule FA and pay tax but not enter in FSI,TR, Dividends at Special Rate Section ? Anyone did that ?
CAclubindia
