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02 Aug, 2024

NRI Dividend Income Under Section 115A

Coimbatore, TN 641045
  • Others

Description

Under Section 115A of the Indian Income Tax Act, dividend income earned by Non-Resident Indians (NRIs) from Indian companies is fully taxable at a flat rate of 20% (plus surcharge and cess). This applies to dividends declared or paid on or after April 1, 2020, with no deductions allowed. Companies must deduct Tax at Source (TDS) at this rate.

link"https://www.smartcorp.in/income-tax-registration-in-coimbatore.php

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