Weather TDS applicable on Dividends payable to foreign company while Foreign remittances by Indian domestic company remitted in the month of October 2009 for the Dividend declared for the financial year 2009-10
24 October 2009
Dividend income is exempt from tax u/s 10(34).
Further TDS does not apply in case of Dividend paid by an domestic company to a foreign company in respect of dividends referred u/s 115O.(Refer Section 195).