Poonawalla fincorps
Poonawalla fincorps

tax on dividend

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 October 2010 I own shares of various Indian companies and receive dividends. Is it taxable?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
12 October 2010 No. The dividend declared by Indian companies is not taxable in the hands of the share holders because tax on distributed profits have already been borne by the company.

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