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Dividend

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2012 Hi This is Babu, I have doubt in income tax.

Why Dividend is exempt from income tax
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
04 August 2012 On dividend the company already deducts and pays dividend distribution tax to the I T department. Hence it is exempt in the hands of the receipient
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SANYAM ARORA

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SANYAM ARORA (Expert)
04 August 2012 Yes Agreed with the reply
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SANYAM ARORA

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SANYAM ARORA (Expert)
04 August 2012 It is exempt u/s 115- O of the IT Act
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
08 October 2021 Now the trend is opposite. From AY 2020-21, dividend is taxable in the hands of recipient.

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