I am an Indian resident and a citizen and am about to acquire a 15% shareholding in a company based in Oman/Muscat. Will my dividend income be subject to tax in India?
27 June 2012
Yes Agree with Hardik. However in absence of DTAA Dividend is taxable to you irrespective of you tranfer it to India or not as you are Resident as per Income tax act.
CAclubindia
