Income tax on dividend
This query is : Resolved
Rachit Nagpal
(Querist)
04 October 2017
Dear Experts,
Is income tax applies to the dividend received by a domestic company. My company received dividend of Rs 15 Lakhs,Please advise on the taxability.
Is income tax applies to the dividend received by a domestic company. My company received dividend of Rs 15 Lakhs,Please advise on the taxability.
Gokul Sharma
(Expert)
04 October 2017
Dividend income is exempt from tax as company pays dividend tax (CDT) at the time of paying dividend to shareholders.
Rachit Nagpal
(Querist)
04 October 2017
Then what is the logic behind insertion of section 115bbda. Why govt has tax divididend to specified assessees
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