A Ltd. Co. in India is receiving dividend from a foreign Co. which is its joint venture investment with 50% share holding. Is there any way by which Indian Income Tax on dividend can be saved?
Nafisa (Article Assistant) (32 Points)
25 February 2010A Ltd. Co. in India is receiving dividend from a foreign Co. which is its joint venture investment with 50% share holding. Is there any way by which Indian Income Tax on dividend can be saved?
Amir
(Learner)
(4016 Points)
Replied 25 February 2010
Dear Nafisa,
Yaar I must say in recent days the level of queries has definately gone up........
To me check out the DTAA with the specific country.......
Further in case there is no DTAA with that country & relief u/s 91 can be claimed if the said dividend was taxable in that country.........