India and USA has a tax treaties as per below. So I need to pay 25% tax on dividends?
The Convention provides maximum rates of tax at source on payments of dividends, interest and
royalties which, in each case, are higher than the rates specified in the United States Model. Dividends
from a subsidiary to a parent corporation are taxable at a maximum rate of 15 percent; other dividends
may be taxable at source at a 25 percent rate.
