03 July 2023
My daughter has an NRI status and has received dividends from HDFC Mutual Fund for Rs 15032 u/s 196A and tax at 20%+ as given in 26AS. While filing tax - this amount needs to be entered in Sch - Other Sources (OS) under the sub-section 'Income Chargeable at Special Rate'. While choosing the sub-category under this sub-section I am getting two relevant options to choose i) 115A(1)(a)(i) - Dividends in case of non-residents and ii) 115A(1)(a)(iiab)- Interest as per Sec 194LD. In AIS Summary the amount is shown under 'Income in respect of units of non-resident u/s 115A(1)(a)(iiab)' . Under which sub-category will I enter the dividend amount under the subsection Income Chargeable at Special Rate' ?
CAclubindia
