Foreign Exchange Management Act, 1999

Foreign Exchange Management Act, 1999 The legal framework for administering foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. In the winter session of the Parliament on 4 August, 1998, the Foreign Exchange Management Act…

Dividend Income from Foreign Company

Dividend Income from Foreign Company Dividend income which is received from a foreign company is fully taxable in India as per the Income Tax Act. On the other hand, dividend received from an Indian company that was subject to dividend…