Section 115BBDA
CA Ankit jhawar (Audit Manager) (40 Points)
11 February 2018
what would be effective date of applicability I.e. AY 2017-18 OR AY 2018-19
9 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 11 February 2018
Section 115BBDA –Taxation of Dividend Income in Nutshell
· Applicable from 1st April 2017 (AY 2017-18) onwards.
· Applicability - individual, Hindu undivided family or a firm, resident in India
· Non Applicability : Dividends received from Mutual Funds
· Applicable from 1st April 2017 (AY 2017-18) onwards.
· Applicability - individual, Hindu undivided family or a firm, resident in India
· Non Applicability : Dividends received from Mutual Funds
sukumar ghosh
(109 Points)
Replied 12 February 2018
If I get dividend from domestic companies of Rs. 15 lakh, how much I need to pay as Tax?. I am resident Indian. My question is only 5 lakh or full 15
sukumar ghosh
(109 Points)
Replied 12 February 2018
*15 lakh. Mean Tax as Rs.50,000 or Rs. 150,000 with Edu..Cess.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 February 2018
Only taxed on balance 5lakh....
sukumar ghosh
(109 Points)
Replied 12 February 2018
Sir, No ,the Income-tax payable shall be the aggregate of Rs. 15 lakh. Mean Rs.150 000 with Edu..Cess..etc.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 February 2018
| Originally posted by : sukumar ghosh | ||
 |
Sir, No ,the Income-tax payable shall be the aggregate of Rs. 15 lakh. Mean Rs.150 000 with Edu..Cess..etc. |  |
https://www.caclubindia.com/experts/new-section-115bbda-2412674.asp
https://orange.taxsutra.com/articles/a5be7554d7b192e338ee4b6ca4367f/expert_article
sukumar ghosh
(109 Points)
Replied 12 February 2018
Dear Sir,
The 2nd link of the above is given by you which provides the true facts & it is Taxable
The 2nd link of the above is given by you which provides the true facts & it is Taxable
sukumar ghosh
(109 Points)
Replied 12 February 2018
*aggregate (in totally ) the Dividend amount, mean if dividend is rs.15 lakh then Tax is RS. 1 50, 000.
Thanking You for providing the valuable advice.
Thanking You for providing the valuable advice.
Sonia Boob
(Graduation)
(39 Points)
Replied 13 February 2018
Sec 115BBDA:- dividend from domestic company received by specified assessee & dividend amount in aggregate MORE THAN ₹10LAC, then receiver is required to pay tax @ 10% on dividend in EXCESS OF ₹10LAC
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