Tax on Dividends

if dividend is received against shares hold by him, then tax free, but u have to disclose the same in return as tax free dividend

for other nature of dividend, furnish details

Dividend income is exempt in the hands of shareholders if it is received from indian company. so it is tax free.

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Miami Real Estate Attorney | Real Estate Attorney Miami

agreed with above two replies

dividend is tax free if it is obtained from indian company..

so it is tax free for him..

Yes dividend is tax free when received from an Indian Company. The same has to be mentioned in the return of income as exempted income.

u/s 10 (34) of income tax act,1961,dividend from domestic company is exempt from tax in the hands of securities holder because of the concept of dividend distribution tax.

but it has to b furnished in the return as an exempted item under the head INCOME FROM OTHER SOURCES.

just curious with amount mentioned, 

many a places interest is mentioned as dividend to misguide ppls, viz as some places deposits are taken on "daily dividend" basis, but in real fact those are interst, 

as the amount is significant high, i clarified that it its for share in company then exempted, but every receipt can not be dividend, so if anything else, then asked to share...................

CCI queries posters are absent to respond/update...thats the unfortunate scene in CCI

dividend is tax free if receipt from indian co.

If DDT has been paid per sec 115O by the Indian Co.....d same is exempt u/s 10(34) in the hands of shareholder. No need to further check the nature of the receipts.

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