TDS on dividend issued by PVt co
This query is : Resolved
10 November 2010
Dear members
A private limited company wants to issue dividend to its shareholders.
Will these dividends come u/s 115-O of the Income Tax Act which are subject to Dividend Ditribution Tax and hence no TDS need to deducted?
or
Should the company pay dividend after deducting 10% TDS as per Sec 194 of the Income TAx Act ?
Kindly clarify
thanks & regards
A private limited company wants to issue dividend to its shareholders.
Will these dividends come u/s 115-O of the Income Tax Act which are subject to Dividend Ditribution Tax and hence no TDS need to deducted?
or
Should the company pay dividend after deducting 10% TDS as per Sec 194 of the Income TAx Act ?
Kindly clarify
thanks & regards
10 November 2010
These dividends come u/s 115-O of the Income Tax Act which are subject to Dividend Ditribution Tax and hence no TDS need to deducted
10 November 2010
Will not the above dividend be considered as deemed dividend u/s 2(22)e of IT Act?
Kinldy clarify me
Kinldy clarify me
10 November 2010
it is not deemed dividend, provision of section 2(22)e do not apply in this case.
10 November 2010
It is normal dividend and not deemed dividend. In deemed dividend loan given to majority shareholder is treated as deemed dividend.
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