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Dividend from a foreign co.

This query is : Resolved 

17 November 2008 Dividend from Indian co. is exempt from income tax in India. But what will be tax treatment if a person earn a dividend from a foreign co. in foll. cases:-

1. His residential status is resident in India.

2. His residential status is resident but not ordinary resident

What if he has paid tax on such income in foriegn country.

17 November 2008 1 taxable as other sources.
2 no tax

he will get relief u/s 90/91 on taxes paid.



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