Dividend
This query is : Resolved
Anil Kumar Sharma
(Querist)
13 November 2013
dividend income is taxable or not for individual of huf
CA PARAS BAFNA
(Expert)
13 November 2013
Dividend Income received from Indian Companies , on which dividend distribution tax has been paid by the company, is an income exempt from tax.
CA Pallav Singhania
(Expert)
13 November 2013
Agree with Expert,
Dividends are normally exempt from income tax. However, only dividends of the nature referred to in Section 115-O is exempt from tax in the hands of the recipient.
Section 115-O does not include dividend from a foreign company and dividends of the nature referred to in Section 2(22)(e).
Dividends are normally exempt from income tax. However, only dividends of the nature referred to in Section 115-O is exempt from tax in the hands of the recipient.
Section 115-O does not include dividend from a foreign company and dividends of the nature referred to in Section 2(22)(e).
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