Indian Resident earning dividend income from USA Corporation

As per our view no need to Pay tax on the Tax already paid in USA as there is a DTAA with USA

Dear Sir,

As per article 10 of India US DTAA, dividend paid by US company to you will be taxble in India. However, you can avail to tax credit of TDS already declducted in US.

Please feel free to call/ revert in case of any doubts

Thanks and Regards

Abhishek Dugar

CA CS B.Com

Yes you need to pay tax on dividend income earned in USA as you are a Resident. You can, however, claim the credit for taxes paid in USA under Double Taxation Relief Treaty between India and USA.

Hello,

Tax is very well required to be paid in India. But as you said that withholding tax is already deducted in USA. You can claim the credit for the amount of tax paid in USA and any difference if payable shall be paid by you.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, ACA, LLB-GEN, CERT. FAFP

Hello,

You can take the benefit of the DTAA agreement and adjust the already paid taxes in USA against the tax payable in India. Balance if any shall be paid by you.

Regards

Keerthiga Padmanabhan

M.Com., CA, LLB