10 November 2010
Dear members A private limited company wants to issue dividend to its shareholders. Will these dividends come u/s 115-O of the Income Tax Act which are subject to Dividend Ditribution Tax and hence no TDS need to deducted? or Should the company pay dividend after deducting 10% TDS as per Sec 194 of the Income TAx Act ? Kindly clarify thanks & regards
CAclubindia
