Interest and dividend from the US

Mani Ayyar (3 Points)

03 March 2022  

An Indian RESIDENT gets interest and dividend from a US brokerage account. Will the income be aggregated with Indian income and taxed per Indian slab rates, or are there any special rates for such income? Foreign tax credit may be ignored for this query. If special rates apply and are higher than tax slab rates, can the taxpayer opt for the Indian slab rates? Thanks