Dividend received by Indian Company from Overseas Subsidiary

This query is : Resolved 

03 September 2007 Dear Sir,

Kindly clarify whether the dividend received by the Indian holding company from the overseas wholly owned subsidiary in China , is taxable in India ? If yes, what is the rate of tax ? Please reply with details of sections.

Thanks & regards,

Hemant A.Thakker

03 September 2007 yes it is taxable underv the head other sources

Raj (Expert)
04 September 2007 as per sec. 10(33)/(34)Dividend from domestic co. is exempt, but not out side of india.




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