TDS deductable on Dividends foreign remittaces

This query is : Resolved 

24 October 2009 Dear friends,

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).

02 November 2009 Agreed with the expert.




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