10-23-2004, 05:12 AM
Under Section 94(3) of Income Tax Ordinance, 2001, a dividend pid by a non-resident company to a resident is person shall be chargeable to tax under the head "Income from Business" or "Income from Other Sources" as the case may be.
For dividend chargeable under Income from Business we can think of dividend received by a banking co (Sec 18(4)), but can be an example of dividend chargeable under Income from Other Sources, as all other dividend falls in presumptive regime.
Fozia
For dividend chargeable under Income from Business we can think of dividend received by a banking co (Sec 18(4)), but can be an example of dividend chargeable under Income from Other Sources, as all other dividend falls in presumptive regime.
Fozia
