Dividend

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2012 Hi This is Babu, I have doubt in 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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