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Withholding tax on dividend
Since as per sec. 115o dividend is exempt from tax, if paid by domestic company.
My question is if an indian company pays dividend to its UK shareholders then, after paying DDT, whether it needs to withhold any tax before remitting dividend out of India?
Replies (1)
No simply because it's already been taxed through DDT by the co. So there is no need of withholding of any kinda tax.
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