18 June 2016
Yes, The dividend from companies will be taxable in hands of Individual, provided the dividend income exceeds 10lakhs. Which would be taxed @10% in addition to DDT.
18 June 2016
Dividend income in excess of Rs 10 lakh will be taxed at 10% in the hands of the receiver (Individual, HUF or a firm who is resident in India). But I think It is not fair as double taxation involved here.
CAclubindia
