Dear all,
We are paying dividend to non-resident I am aware that we need to pay dividend distribution tax but kindly let me know is there any withholding tax on remittance of dividend to non-resident.
Thanks and regards
Gargi Ranade (CS) (619 Points)
20 July 2009Dear all,
We are paying dividend to non-resident I am aware that we need to pay dividend distribution tax but kindly let me know is there any withholding tax on remittance of dividend to non-resident.
Thanks and regards
Avika, ACS
(HR Legal and Management Consultant)
(172 Points)
Replied 27 July 2009
Dear Gargi,
In my opinion, witholding tax is not applicable to dividend as the Company is already paying Dividend Distribution Tax and Dividend is tax free in the hands of the receipient.
Thanks & Regards,
Avika
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)