Dividend income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2017 Hi,

Pl confrim about taxaiblity of dividend income (and TDS there on by a domestic company ) in the hands of NRI ,if amount exceed Rs 10.00 lac per year .Will there be any change if its not to a NRI but to a foreign company .

Regards

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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14 September 2017 Dividend received from an Indian Company is tax free since the DDT is already paid by the company on such dividend. THis is irrespective of the residential status of the assessee.

SInce the amount received as dividend, tax will be applicable on such dividend