ITAT gives relief on DDT by local companies on dividends to foreign shareholders

The Delhi Income Tax Appellate Tribunal said that in the case involving an Indian subsidiary of German company Giesecke & Devrient GmbH, the DDT rate will be at 10% as an amendment to domestic tax provisions cannot override tax treaties, including the Double Taxation Avoidance Agreement (DTAA) between India and Germany.

from News-Economic Times https://ift.tt/3k0LBBw