Applicant sought advance ruling on application of beneficial provision of India-Singapore DTAA in respect of Dividend Distribution Tax (DDT) on dividend paid/payable to non-resident shareholder. Application was admitted under section 245R(2).
Comstar Automotive Tech (P.) Ltd., In re (2021) 279 Taxman 122 (AAR)
S. 245R : Advance rulings-Domestic companies-Tax on distributed profits-Beneficial provision of DTAA-DTAA-India-Singapore. [S. 1150, 245R(2), Art. 10]