DTAA Cannot Override Dividend Distribution Tax Rate in India: ITAT
Indian companies can't use DTAA to offset liability towards dividend tax, ruled by income tax appellate authority, for Total Oil India Pvt Ltd's case.
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Indian companies can't use DTAA to offset liability towards dividend tax, ruled by income tax appellate authority, for Total Oil India Pvt Ltd's case.
TDS usually constitutes a lion’s share of about 47% of the gross direct tax collections
When receiving a specific payment, such as a dividend, Tax Deducted at Source (TDS) is subtracted from the total amount received.
Budget 2023 has sweetened the concessional tax regime pot. It has proposed to hike the basic exemption limit to ₹3 lakh, cut the tax slab rates and enhance tax rebate limit to ₹ 7 lakh from the current ₹5 lakh
While nudging the middle class to shift tax regimes is a good idea, retaining would-be jurisdiction shoppers is even better