Dividend distribution tax under sec 115-o

This query is : Resolved

Shweta Kamdar (Querist)
Follow

08 August 2013 Can public company which is not listed, declare dividend to its Promoters? and what will be compliance of its from the income tax, law n receiver point of view? its urgent please reply

Rupesh Jain

Rupesh Jain (Expert)
Follow

08 August 2013 company declare dividend to all shareholders not the parts of shareholders in AGM and deduct the tds on dividend

and receiver's dividend not taxable income for him

Shweta Kamdar

Shweta Kamdar (Querist)
Follow

08 August 2013 Thank You Sir 4 ur reply but i didnt understood the TDS Part n company does not have shareholders it has promoters since it is not listed.

Shweta Kamdar

Shweta Kamdar (Querist)
Follow

08 August 2013 If possible can u explain it in brief.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

09 August 2013 Dividends are declared to shareholder only and not to promoters.
Promoters may also be shareholders and they can receive dividend.
Div paying company if pays div distribution tax u/s 115-0 then shareholders are exempted from paying any tax as per provisions u/s 10.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now