TDS on Indian ADS dividend
This query is : Open
02 December 2024
Hi,
can someone clarify how to report dividend income from Indian Co. ADS (American Depositary shares) held by a Resident in a brokerage account in US?
So far it is being reported under Sch FSI but with India & PAN as source country. TDS too is being reported in Sch TR & Form 67 but the US broker doesn't issue a TDS cert for this - merely an account Statement showing tax withheld and the gross/net dividends are shown.
The problem is the ADS are held in street name by the broker and not in ultimate beneficiary's name. So wondering how to take credit for this TDS.
thanks
can someone clarify how to report dividend income from Indian Co. ADS (American Depositary shares) held by a Resident in a brokerage account in US?
So far it is being reported under Sch FSI but with India & PAN as source country. TDS too is being reported in Sch TR & Form 67 but the US broker doesn't issue a TDS cert for this - merely an account Statement showing tax withheld and the gross/net dividends are shown.
The problem is the ADS are held in street name by the broker and not in ultimate beneficiary's name. So wondering how to take credit for this TDS.
thanks
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