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by genesis
Sat Apr 17, 2010 3:39 pm
Forum: Community Lounge
Topic: Taxation in India on Dividends Already Taxed in US
Replies: -1
Views: 9

Taxation in India on Dividends Already Taxed in US

Scenario: Resident Indian (Gave up GC) but still have substantial assets in the US.

Dividends from mutual funds were taxed at beneficial 25% rate on 1040NR as per the tax treaty.

What is the tax treatment for those dividends in India?

Thanks and regards

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