Dividend om foreign subsidiary

[SANJIV KOTHARI]

Dear

Assessee Co. received dividend from one of our foreign subsidiary. Total income of the assessee company incl dividend received from foreign subsidiary stands negative.

Please share your views on taxability of dividend @15% under section 115BBD where total income of the assessee incl divdend stands negative.

Regards

Sanjiv

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above said issue? If not please inform.

AI Summary

Taxability of foreign dividend under section 115BBD questioned where total income including dividend is negative. Whether dividend income from a foreign subsidiary is subject to the concessional levy under section 115BBD where the assessee's total income, including that dividend, results in a negative total income, and how that dividend should be reflected in computation of tax liability.