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Dividend

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(Querist)
08 May 2009 Is Tax on dividend applicable on what basis? & can you give me details information on tax on dividend?
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Chandresh Pitroda

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Chandresh Pitroda (Expert)
08 May 2009 Dividend is TOTALY EXEMPTED in the hands of Individual, HUF, AOP, even company. As dividend distribution tax is to be paid by Company.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 May 2009 A company paying/distributing dividend has to pay tax on dividend viz., dividend distribution tax. For details refer section 115 O of the Income tax act,1961.
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