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.


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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