Which of the following items is subject to withholding. A. Bank deposits interes
ID: 2511418 • Letter: W
Question
Which of the following items is subject to withholding. A. Bank deposits interest that is not effectively connected with the conduct is us trade or business. B. Original issue discount on certain short term obligations. C. Portfolio interest on certain bearer obligations. D. Dividends from us corporations Which of the following items is subject to withholding. A. Bank deposits interest that is not effectively connected with the conduct is us trade or business. B. Original issue discount on certain short term obligations. C. Portfolio interest on certain bearer obligations. D. Dividends from us corporationsExplanation / Answer
It is option D since the dividend income is taxable in the hands of the company and is subject to withholding tax
Rest of them are not