Tax on divided of Equity share

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Income of dividend is taxable?
Replies (7)
Yes, In India, a company which has declared distributed or paid any amount as a dividend is required to pay a dividend distribution tax at 15%.
Mr. saxena, you are quoting law.

no dividend distribution tax, and dividend taxable in hands of shareholder now.
Domestic company is not required to pay DDT from AY 2021-22, hence it will be taxable in the hands of shareholders
Dividend distribution tax ìs payable in the following cases:
1. in case the recipient receives dividend aggregating to more than Rs.10 lacs in a financial year.
2. there is another clause.
I don't think this is correct.

there is TDs on dividend u/194.
TDS is applicable only if it exceeds 5K to the best of my knowledge. Let me know if I am incorrect
Yes correct.

I was only saying no dividend distribution tax even if dividend exceeds 10 lakhs as stated by Mr. Mukherjee.


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