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I Tax on dividend from company registered in Paris, France

Guest

I am a resident Indian. I have invested in a shares of a paris, France head quartered company 'Air Liquide' as an employee quota and this shares are having locked in period of 5 years.

This year company declared dividend of 2.5 euro per shares. For the individual staying outside france has to submit form 5000 to avoid tax deduction at source (which is 30% this year) and this form should be signed and stamped by the local(India) government.

My question is

01) Is dividend received from a registered company( Registered in Paris, France) having office in New Delhi where i am working as an employee is taxable to the receipient, under income tax rule of India.

02) If dividend issueing company provides certificate of tax deducted (30%) at source, How it helps me while filing my I-Tax return in India/claim refund(if eligible as per DTAA rule).

03) If from next year I don't want dividend issuing company to cut tax at rouce; where from I will get sign & stamp of I-tax. deptt. of India(i.e. office and responsible deptt./person of I-Tax deptt. in N. Delhi)

04) Is it advisable allow tax cutting at sourse in Paris,France or to pay I. tax in India as I see not much difference in Taxation, except additional education cess of 3% in india.

Indian Resident Inquires About Tax Implications on Dividends from Paris-based Company Shares Under Employee Quota A resident Indian employee, who invested in shares of a Paris-based company under an employee quota, inquires about the tax implications of dividends received. The dividends are subject to a 30% tax deduction at source in France unless Form 5000 is submitted. The individual seeks clarification on whether such dividends are taxable in India, how a tax deduction certificate from the company can aid in filing Indian tax returns, the process for avoiding future tax deductions at source, and whether it is more beneficial to allow tax deductions in France or pay taxes in India. A response indicates that for residents, worldwide income is taxable in India. (AI Summary)
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