DDT on Foreign Dividends Restricted to Treaty Rate Due to DTAA Override

Advertisement Sophos Technologies Private Limited Vs DCIT (ITAT Ahmedabad) DDT on UK Shareholders Capped at Treaty Rate; APA-Linked Interest Deleted: ITAT Ahmedabad Grants Major Relief to Sophos Technologies Pvt. Ltd. (AY 2016-17) The Ahmedabad ‘A’ Bench of the Income Tax Appellate Tribunal, Ahmedabad Bench allowed the appeal of Sophos Technologies Pvt. Ltd. for AY 2016-17, granting substantial relief on Dividend Distribution Tax (DDT), interest under sections 234B/234C, and TDS credit. On DDT, the Tribunal held that DDT paid on dividends distributed to UK-resident shareholders must be ...