hello friends the thing is that i m PE-ii cleared student... nw i have registered for final on 16 NOV 2009,,,,could ne 1 plz tell when wil be my first attempt for ca Final ...is it nov 2011 or may 2012????
plz guys do reply on rohit.grover1986 @ yahoo.com
hello friends the thing is that i m PE-ii cleared student... nw i have registered for final on 16 NOV 2009,,,,could ne 1 plz tell when wil be my first attempt for ca Final ...is it nov 2011 or may 2012????
plz guys do reply on rohit.grover1986 @ yahoo.com
| Originally posted by : Ca shubham | ||
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As per Income Tax Act 1961, any dividend received by a domestic company is exempt under section 10 in the hand of receiver. The above dividend is comes under section 115-0 of the Income Tax Act.In that case domestic Company is required to pay CDT(Corporate dividend Tax @ 15% plus Cess and Surcharge), thats why this dividend is exempt in the hands of receiver because it is already tax in Comapnies hand. |
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| Originally posted by : Mukund | ||
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dividend received from indian co. is exempt u/s.10(34). i mean the dividend u/s.2(22)(e) | |
u mean dividend other than 2(22)(e)... :)
Hey manjunath, Take balaji's reply and put it in the top drawer for reference... (as long as you not talking about dividend from debt oriented MFs)
yeah we need not pay any tax on divedend income earned from indian company as it is already given by company in form of cdt @ 16.995%
CAclubindia
