https://www.taxtmi.com/circulars?id=5116 Withholding agents must apply the treaty rates specified in the Double Taxation Avoidance Agreement between India and the UAE, using whichever is more beneficial to the payee. The circular reiterates that reduced withholding applies to dividends, interest and royalties paid to UAE resident beneficial owners, and highlights preferential treatment for dividends paid to qualifying corporate owners and interest paid by bona fide banks or similar financial institutions. en-us Wed, 24 Jan 1996 00:00:00 +0530 Mon, 23 Dec 2024 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5116 Withholding agents must apply the treaty rates specified in the Double Taxation Avoidance Agreement between India and the UAE, using whichever is more beneficial to the payee. The circular reiterates that reduced withholding applies to dividends, interest and royalties paid to UAE resident beneficial owners, and highlights preferential treatment for dividends paid to qualifying corporate owners and interest paid by bona fide banks or similar financial institutions. Circulars Income Tax Wed, 24 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5116