Section 115o

This query is : Resolved

Yajuvendra Rawat (Querist)
Follow

24 September 2011 Sirs & Friends,

As per Income Tax Act a domestic company declaring or distributing dividend is supposed to deducted Income Tax (TDS), If suppose the company fails to do so, will such Dividend be taxable in the hands of the received or Shareholder. Please help me to clear my doubts.

Thanking you,

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

24 September 2011 Dividend is an exempted income, {section 10(34}, in the hands of recipient's if company had paid DDT under section 115O. As a corollary, if company doesn't pay DDT, it is taxable in the hands of recipient's.

Yajuvendra Rawat

Yajuvendra Rawat (Querist)
Follow

25 September 2011 Thank you sir for your reply but would like to ask how will a recipient come to know that the company has not deducted tax on the Dividend.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

THUSHAR MURALI KRISHNA

giriswar

Akhil Jain

Somnath Maiti

Shunmugavel Manohar

Subscribe Now

Section 115o

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Senior Executive

Accountant

Manager- Finance and Compliance

GST CONSULTANCY

CA Final