Section 115o
This query is : Resolved
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,
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,
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Consolidated financials
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- TDS on TRUST
- Regarding Applicability of Tax Audit u/s 44AB
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
