Tax introduction
Querist : Anonymous
Dividend received from an Indian company is exempt so is it that tax is deducted from dividend and then given .
Thank you
As per section 115-O, the company making dividend payments needs to pay Dividend Distribution Tax at the rate of 15%.
Once DDT is paid, dividend becomes exempt in hands of the receiver.
Also note that, if some income is exempt, there is no question of tax deduction at source.
Querist : Anonymous
When tax is deducted, you can claim credit of same while filing your returns.
As far as DDT is concerned, it is liability of the payer company to pay DDT.
Dividend received by you in your hands is exempt.
Querist : Anonymous
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