Tax on dividend income to individual for ay 2016-17
This query is : Resolved
L.RAJENDRAN
(Querist)
18 June 2016
Is Dividend from companies is taxable in the hands of individuals for Ay 2016-17
L.RAJENDRAN
(Querist)
18 June 2016
Is dividend received from companies by an Individual is taxable in the hands of Individual for AY 2016-17.
CA Saurabh Singh
(Expert)
18 June 2016
Yes,
The dividend from companies will be taxable in hands of Individual, provided the dividend income exceeds 10lakhs.
Which would be taxed @10% in addition to DDT.
The dividend from companies will be taxable in hands of Individual, provided the dividend income exceeds 10lakhs.
Which would be taxed @10% in addition to DDT.
Message likes :
1 times
Ghanshyam T Jha
(Expert)
18 June 2016
Dividend income in excess of Rs 10 lakh will be taxed at 10% in the hands of the receiver (Individual, HUF or a firm who is resident in India). But I think It is not fair as double taxation involved here.
Message likes :
1 times
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST input credit on commercial property
- Nursery business
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Royalty payments to the Mining Department for procurement of murum - GST input
- Capital gains in IT returns
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
