TDS on Dividend of Indian Company
This query is : Resolved
27 October 2009
Our company is an Indian Company.
A foreign company holds it's 30% share.
Our Company is paying Dividend to this foreign Comany.
Whether any TDS applicable?
A foreign company holds it's 30% share.
Our Company is paying Dividend to this foreign Comany.
Whether any TDS applicable?
28 October 2009
There in no requirement to deduct tds on the payment of dividend,
Because as per the section 115-0, if domestic company declared or paid require to pay dividend tax @15% + surcharge 10% + ed 3 %
and divident will be exempted in the hand of share holer,
So there is no applicabilty of TDS
Because as per the section 115-0, if domestic company declared or paid require to pay dividend tax @15% + surcharge 10% + ed 3 %
and divident will be exempted in the hand of share holer,
So there is no applicabilty of TDS
28 October 2009
Agreed with expert Mr. Balram.
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