Div on pref. shares
This query is : Resolved
27 May 2013
Some companies are issuing Pref. Shares presently in the market coupon rate of 8.33%
This is tax-free in the hands of investor.
If we assume that DTC will be passed such as per final draft, will this i.e. Div. on pref. shares will become taxable in hands of investor?
Please advice
Pankaj Ajmera
This is tax-free in the hands of investor.
If we assume that DTC will be passed such as per final draft, will this i.e. Div. on pref. shares will become taxable in hands of investor?
Please advice
Pankaj Ajmera
27 May 2013
it is either one, it can't be taxable under both hands.
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