Dividend
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2012
Hi This is Babu, I have doubt in income tax.
Why Dividend is exempt from income tax
Why Dividend is exempt from income tax
04 August 2012
On dividend the company already deducts and pays dividend distribution tax to the I T department. Hence it is exempt in the hands of the receipient
04 August 2012
Yes Agreed with the reply
04 August 2012
It is exempt u/s 115- O of the IT Act
08 October 2021
Now the trend is opposite. From AY 2020-21, dividend is taxable in the hands of recipient.
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