Tax on divided of Equity share
MAYUR VADGAMA (1 Points)
17 December 2021
Income of dividend is taxable?
7 Replies
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 17 December 2021
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%.
SUSHANT BIDAYE
(597 Points)
Replied 17 December 2021
Mr. saxena, you are quoting law.
no dividend distribution tax, and dividend taxable in hands of shareholder now.
no dividend distribution tax, and dividend taxable in hands of shareholder now.
Manish M Nair
(Student)
(90 Points)
Replied 18 December 2021
Domestic company is not required to pay DDT from AY 2021-22, hence it will be taxable in the hands of shareholders
sabyasachi mukherjee
(27715 Points)
Replied 18 December 2021
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.
1. in case the recipient receives dividend aggregating to more than Rs.10 lacs in a financial year.
2. there is another clause.
SUSHANT BIDAYE
(597 Points)
Replied 18 December 2021
I don't think this is correct.
there is TDs on dividend u/194.
there is TDs on dividend u/194.
Manish M Nair
(Student)
(90 Points)
Replied 18 December 2021
TDS is applicable only if it exceeds 5K to the best of my knowledge. Let me know if I am incorrect
SUSHANT BIDAYE
(597 Points)
Replied 18 December 2021
Yes correct.
I was only saying no dividend distribution tax even if dividend exceeds 10 lakhs as stated by Mr. Mukherjee.
I was only saying no dividend distribution tax even if dividend exceeds 10 lakhs as stated by Mr. Mukherjee.
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