Any further tax other than 10% tax on dividend in excess of 10 lacs
I mean is the above income taxed again in INCOME FROM OTHER SOURCES
R.K.srinivas (director in a pvt) (29 Points)
06 December 2016Any further tax other than 10% tax on dividend in excess of 10 lacs
I mean is the above income taxed again in INCOME FROM OTHER SOURCES
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 06 December 2016
Correct: Tax on dividend: [S. 115BBDA] : a tax @ 10 % on the dividend income earned over and above Rs. 10,00,000 by a resident individual, HUF, firm or an LLP. for AY 2017-18.
This is in addition to dividend distribution tax paid by the companies.
R.K.srinivas
(director in a pvt)
(29 Points)
Replied 06 December 2016
Thank u sir
so no other tax liability on dividend income other than 10%
I remain sir
With regards
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