BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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10%
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20%
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25%
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Exempt
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Detailed explanation-1: -Further, the dividend income is the taxable income of Mr Ravi taxed at the slab rates applicable for FY 2020-21 (AY 2021-22). For non-resident persons, TDS is required to be deducted at the rate of 20% subject to the DTAA (double taxation avoidance agreement), if any.
Detailed explanation-2: -Tax rates for income subject to final tax For non-resident aliens not engaged in trade or business in the Philippines, the rate is a flat 25%.
Detailed explanation-3: -Taxation of Dividend Income For individual NRAs, the most common reduced treaty withholding tax rate is for US dividends is 15%.
Detailed explanation-4: -Dividend income from investment made in shares of an Indian company or units of mutual fund: For an NR, dividend income from investments made in India is usually taxable at 20% without providing for any deductions available under the Act.