Singapore Dividend
This query is : Resolved
05 May 2020
- We have a Company in Singapore and I am an Indian resident.
- My Singapore company wants to pay me divided. Divided is not Taxed in Singapore.
- I will declare the dividend income in my Indian Personal Tax filing because my global income is taxable in India.
Question: Will I be taxed in India according to my income band or because of the Singapore-India Double Taxation Avoidance treaty, the tax rates will be different?
Thanks in advance; I would appreciate if CAclub gurus can comment on this.
God bless.
- My Singapore company wants to pay me divided. Divided is not Taxed in Singapore.
- I will declare the dividend income in my Indian Personal Tax filing because my global income is taxable in India.
Question: Will I be taxed in India according to my income band or because of the Singapore-India Double Taxation Avoidance treaty, the tax rates will be different?
Thanks in advance; I would appreciate if CAclub gurus can comment on this.
God bless.
05 May 2020
Yes, Dividednd is taxable in india from income from other sources , tax rates based on applicable slabs .
DTTA for above not make any difference in tax slabs since it is exempted in Singapore.
DTTA for above not make any difference in tax slabs since it is exempted in Singapore.
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