Dividend distribution tax under sec 115-o
This query is : Resolved
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
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
and receiver's dividend not taxable income for him
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.
08 August 2013
If possible can u explain it in brief.
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- TDS related Query_Liquidated Damages
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
