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
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Interest and dividend from the US
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Quick Summary
Can opt for slab rate or as specified in DTAA agreement, whichever lower..
Thanks for your prompt response
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