Income Tax Tribunal Upholds 20.36% Dividend Distribution Tax, Rejects 15% DTAA Rate Argument for India-Thailand Agreement. https://www.taxtmi.com/highlights?id=75208 Levy of Dividend distribution tax (DDT) at the rate of 20.36% u/s 115O - claim of assessee that it should have been levied at the rate of 15% in terms of Article 10 of DTAA between India and Thailand - The ITAT dismisses the appeal regarding the rate of DDT, citing a previous decision that shareholders have no influence on the levy of DDT, which is an additional tax charged on distributed profits of the company. en-us Tue, 27 Feb 2024 08:44:05 +0530 Tue, 27 Feb 2024 08:44:05 +0530 TaxTMI RSS Generator Income Tax Tribunal Upholds 20.36% Dividend Distribution Tax, Rejects 15% DTAA Rate Argument for India-Thailand Agreement. https://www.taxtmi.com/highlights?id=75208 Levy of Dividend distribution tax (DDT) at the rate of 20.36% u/s 115O - claim of assessee that it should have been levied at the rate of 15% in terms of Article 10 of DTAA between India and Thailand - The ITAT dismisses the appeal regarding the rate of DDT, citing a previous decision that shareholders have no influence on the levy of DDT, which is an additional tax charged on distributed profits of the company. Highlights Income Tax Tue, 27 Feb 2024 08:44:05 +0530 https://www.taxtmi.com/highlights?id=75208