Hi, Suppose a private trust is a shareholder of Infosys Ltd. Every year this trust receives dividend from this company. What would be the tax impact in the books of Private Trust under- 1. If no expense is incurred by this Trust. 2. The trust applied this dividend income by way of donation to Public Charitable Trusts
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Tax impact for private trust receiving dividend
Replies (2)
Infosys being an Indian Company deducts DTT u/s 115 O at the time of payment of Dividend
Now in the hands of the trust it is taxfree u/s 10(34)
Thanks Nicky.
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