Whether Dividend Received to an NRI from Indian Company , is taxable or not...?
8 Replies
Sunshine
(Helping All)
(10575 Points)
Replied 22 July 2011
no it isnt .... as tax is already paid...be it resident or NRI,it shoud not be taxable..wait fr seniors to comment..
kamal kishor sen
(STUDENT Rajasthan)
(2156 Points)
Replied 22 July 2011
Tax on Dividend for NRI:-
As per section 10(34) of IT Act, dividends paid by Indian companies whether paid in or out of India are exempt in the hands of shareholders irrespective of their residential status. Further, dividends from mutual funds are exempt u/s 10(35)
Shah Tarun
(Student)
(800 Points)
Replied 22 July 2011
| Originally posted by : kamal kishor sen | ||
 |
Tax on Dividend for NRI:- As per section 10(34) of IT Act, dividends paid by Indian companies whether paid in or out of India are exempt in the hands of shareholders irrespective of their residential status. Further, dividends from mutual funds are exempt u/s 10(35) |
 |
Vijay
(Adamo Studio)
(2112 Points)
Replied 23 July 2011
Simply one thing can not be taxed twice & as indian cos are already paying CDT/DDT it will be exempt in the hands of shareholders.
CA Himanshu Bansal
(Risk Manager)
(2345 Points)
Replied 23 July 2011
| Originally posted by : kamal kishor sen | ||
|
|
Tax on Dividend for NRI:- As per section 10(34) of IT Act, dividends paid by Indian companies whether paid in or out of India are exempt in the hands of shareholders irrespective of their residential status. Further, dividends from mutual funds are exempt u/s 10(35) |
|
Vimal
(Employee)
(37 Points)
Replied 24 July 2011
But Dividend is taxed in the hands of company(DDT) at provisioning itself,though dividend is declared out of PAT...
So this dividend is actually taxed twice with different names? Is it sensible.
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