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Income tax on dividend

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(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.
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Gokul Sharma

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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.
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Rachit Nagpal

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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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