05 March 2016
Thanks sir..bt does it mean 10 lacs dividend frm a single company or total of annual dividend received fr all companies.....n if it is proposed from 2017 means dividend received frm April 16 onwards will be effective...thanks
05 March 2016
Dear Dividend more than Rs. 10 lac means total dividend recieved from all companies. The taxation of dividend income in excess of Rs 10 lakh would be on gross basis.
CAclubindia
