Please clarify me the treatment of dividend income of a domestic company from another domestic company.........
5 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 24 June 2011
The Dividend earned shall be exempt. As the Company distributing the Dividend to its shareholders has already paid the Dividend Distribution Tax (refer section 115-O, IT Act 1961) on the same.
Regards,
Devendra
Sunshine
(Helping All)
(10575 Points)
Replied 24 June 2011
it is exempt as dividend distribution tax is already paid by the company declaring it
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 27 June 2011
| Originally posted by : Devendra | ||
 |
The Dividend earned shall be exempt. As the Company distributing the Dividend to its shareholders has already paid the Dividend Distribution Tax (refer section 115-O, IT Act 1961) on the same. Regards, Devendra |
 |
CA MAYANK WADHERA
(CA CS CMA(I))
(789 Points)
Replied 27 June 2011
The Dividend earned shall be exempt. As the Company distributing the Dividend to its shareholders has already paid the Dividend Distribution Tax (refer section 115-O, IT Act 1961) on the same.
REGARDS DEVENDER
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