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Divident tax

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(Querist)
05 September 2016 Hai Expert

Good afternoon
We have received dividend form sri lanka company ,in india we have pay tax or not

if we pay tax please explain the tax rate Please anyone help me
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CA MANISH SAXENA

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CA MANISH SAXENA (Expert)
05 September 2016 Hi,

Dividend received from foreign Company are considered under the income tax head “income from other sources.” Tax would be levied based on the tax slab applicable to the particular individual.

Thanks

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