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Capital Reduction Amount Reg
I have received capital Reduction Amount from domestic company.Shall I show it in income from other sources and include the amount in dividend from other companies or Shall I show it as deemed dividend u/s 2(22)(e) separately and Pay the tax to my higher slab rate of 30%.Because my dividend Income crosses Rs.10 Lakhs shall I pay @ 10% slab rate.Kindly Clarify.
Replies (1)
Yes it will be considered as deemed dividend and co. needs to pay ddt on it also if your total div income is more than 10 lacs then you also required to pay 10 % tax on the same
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