Domestic companies must pay dividend tax per section 115-O, not DTAA rates, unless treaty covers domestic entities.

Domestic companies must pay dividend tax per section 115-O, not DTAA rates, unless treaty covers domestic entities. https://www.taxtmi.com/highlights?id=74214 Refund of excess Dividend Distribution Tax - additional income tax payable by the domestic company shall be at the rate mentioned in section 115-O of the Act and not at the rate of tax applicable to the non-resident shareholder(s) as specified in the relevant DTAA with reference to such dividend income. - wherever the Contracting States to a tax treaty intend to extend the treaty protection to the domestic company paying dividend distribution tax, only then, the domestic company can claim benefit of the DTAA, if any - AT en-us Tue, 16 Jan 2024 08:34:09 +0530 Tue, 16 Jan 2024 21:21:54 +0530 TaxTMI RSS Generator Domestic companies must pay dividend tax per section 115-O, not DTAA rates, unless treaty covers domestic entities. https://www.taxtmi.com/highlights?id=74214 Refund of excess Dividend Distribution Tax - additional income tax payable by the domestic company shall be at the rate mentioned in section 115-O of the Act and not at the rate of tax applicable to the non-resident shareholder(s) as specified in the relevant DTAA with reference to such dividend income. - wherever the Contracting States to a tax treaty intend to extend the treaty protection to the domestic company paying dividend distribution tax, only then, the domestic company can claim benefit of the DTAA, if any - AT Highlights Income Tax Tue, 16 Jan 2024 08:34:09 +0530 https://www.taxtmi.com/highlights?id=74214