Tag Archives: Tax Credit

Tax Credit of exempted Dividend Income as per DTAA

Facts of the Case The Assessee entered into a joint venture with Oman Oil Company to form Oman Fertilizer Company SAOC (OMIFCO), which is a registered company in Oman under the Omani Laws. The Assessee holds 25% share in OMIFCO, which is engaged in manufacturing fertilizers.  The Assessee has established a branch office in Oman… Read More »