https://www.taxtmi.com/circulars?id=4771 Dividends from U.K. companies are taxable in India on the gross amount where those dividends are treated as franked income having borne tax at source; the Board affirms gross-basis treatment for all charges including Kerala despite contrary local authority. Subsequent U.K. statutory changes treated distributions as income of the recipient and introduced an imputation method attributing part of company tax to shareholders, reinforcing the applicability of the franked-income analysis and gross-basis taxation for post amendment periods. en-us Sat, 17 Sep 1983 00:00:00 +0530 Sat, 02 Aug 2008 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4771 Dividends from U.K. companies are taxable in India on the gross amount where those dividends are treated as franked income having borne tax at source; the Board affirms gross-basis treatment for all charges including Kerala despite contrary local authority. Subsequent U.K. statutory changes treated distributions as income of the recipient and introduced an imputation method attributing part of company tax to shareholders, reinforcing the applicability of the franked-income analysis and gross-basis taxation for post amendment periods. Circulars Income Tax Sat, 17 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4771