The dividend distribution tax has been abolished from 1 April 2020. Dividend to be taxed in the hands of shareholders at the rates applicable as per Income Tax Act, 1961 (the Act), or as per tax treaty or Act whichever is more beneficial (incase of NR shareholders). However, dividends received by a shareholder on or after 1st April 2020, on which DDT has been paid before 1st April 2020, is exempt in the hands of a shareholder to remove double taxation. Taxability of dividends in the hands of
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