Repatriation of Dividend

This query is : Resolved

S Menon (Querist)
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23 November 2010 Hi Sir/Madam,

Is it possible to declare dividend to a foreign company? How long will it take to repatriate dividend money to a foreign country? What are the procedures?

Thanks & Regards

San

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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10 March 2011 Yes the dividend can be declared to foreign company.

The time taken will depend on your bankers.

You need to declare the dividend in normal course and then pay Dividend distribution Tax and then you can proceed to remit the same.

Anuj
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