• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Is Dividend Distribution Tax (DDT) payable on dividend paid in respect of ADRs and GDRs listed in foreign stock exchanges?

Sridhar, email

Yes. DDT is payable on the dividend declared or paid by a domestic company, period. No distinction whatsoever is made between shares held by Indian residents and ADRs/GDRs held by non-residents. You must note that the underlying securities of ADRs/GDRs are after all shares of the Indian companies concerned which are handed over to the domestic custodian bank.

S. MURLIDHARAN

More Stories on : Income Tax | Dividend Announcement | For the Asking

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Demat account

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line