Tax on dividend income to individual for ay 2016-17
This query is : Resolved
18 June 2016
Is Dividend from companies is taxable in the hands of individuals for Ay 2016-17
18 June 2016
Is dividend received from companies by an Individual is taxable in the hands of Individual for AY 2016-17.
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.
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.
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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.
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