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Basis for charge of dividend

21 January 2018

plz anyone help me about taxability of dividend as per section 115-o and 10(34)
I am not able to understand the bare language of those sections.
plz plz plz help...................

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3 Replies

Palak Rawal (Student CA FINAL) (388 Points)
Replied 21 January 2018

As per sec 115-0 domestic company is required to pay DDT @ 15% +12%surcharge+3% cess.

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Palak Rawal (Student CA FINAL) (388 Points)
Replied 21 January 2018

when dividend is declared or paid. It has to be paid within 14 days.

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Palak Rawal (Student CA FINAL) (388 Points)
Replied 21 January 2018

As per sec 10(34) income received by way of dividend shall be exempt in hands of recipient. But as per sec 115BBDA if u receive dividend more than 10lac then u are required to pay tax @ 10% on such excess dividend.

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