Applicant has filed present application to know whether dividend declared or distributed or paid by applicant-Indian company will be taxable in hands of recipient non-resident shareholders as per Article 11 of India-France Double Taxation Avoidance Agreement. Application is admitted.
Bureau Veritas Consumer Product Services India (P.) Ltd., In re* (2021) 279 Taxman 378 (AAR)
S. 245R : Advance rulings-Dividend to non-resident shareholders Dividend Distribution Tax (DDT)-DTAA-India-France. [Art. 11, 115-O, 245R(2), Art. 11]