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Dividends + NRA withholding

Per-event US-equity dividends with the 25% NRA (non-resident alien) withholding, so Indian residents can claim the DTAA foreign-tax-credit on their ITR.

Why this matters​

  • US dividends paid to non-US residents are withheld at 25% (per the Indian-US Double Taxation Avoidance Agreement).
  • Indian residents can claim the withheld amount as a foreign-tax-credit against their Indian tax liability on the same income (Schedule TR).
  • To claim it, the customer needs per-event evidence: date, symbol, gross, WHT amount.

Where the data comes from​

The ledger reads ViewTrade's Daily Ledger CSV report — a per-firm, per-date statement that lists every dividend and every withholding event. Each dividend event has a paired withholding row (or none if the security isn't withheld).

What the ledger produces​

Per-event postings:

  • The gross dividend → customer wallet (credit).
  • The 25% withholding → withholding-tax-payable (owed downstream).

Sub-ledger row per event:

  • div_txn_no, symbol, pay_date, gross, wht, net, per_share, wht_rate, tax_code, FY

Report: /v1/india/dividends?customer=&fy=

  • Per customer: gross, WHT, net, event count, effective WHT %
  • Per event: full detail with symbol / pay date / per-share rate / tax code
  • Firm rollup on top

What "effective WHT %" means​

WHT / Gross. For a US-source dividend paid to an Indian resident this should sit near 25%. Small deviations come from rounding or per-security tax codes.

Impact on the customer​

The customer received the net (75% of gross). The ledger's WHT figure is what they claim on their Indian ITR — the DTAA foreign-tax-credit.

Where to see it​

  • Frontend: /dividends (India book).
  • API: GET /v1/india/dividends?customer=&fy=.
  • Sync: POST /v1/jobs/sync-viewtrade-ledger — ingest a date range of the Daily Ledger CSV.
  • Related: Schedule FA uses these totals for the FY income + WHT columns.