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taxability of income of foreing subsidiary company

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29 August 2010 dear all,
ours is a indian pvt ltd company. we have formed a 100% subsidiary company in uae.
subsidiary company will have dividend income from the investments of funds in the uae.
i want to know whether dividend income of uae based subidiary company will be taxed in india in the hands of our indian pvt ltd company.

pls explain me in details.

thanks in advance,
Sushil.

29 August 2010 You have to apply the provisions of DTAA with uae. Dividend is taxable in the hands of the Indian Company.



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