Dividend Income
Neha Mundhra (1 Points)
02 May 2017
Dividend earned from PR Ltd. an indian company, Is it taxable in hands of all OR, NOR or NR ?
Neha Mundhra (1 Points)
02 May 2017
Mopidevi Bharadwaja
(Article assisstant)
(167 Points)
Replied 02 May 2017
Dividend earned from stocks is exempt from Income tax in India irrespective of the residential status of the assessee. But all income, whether exempt or not, is to be declared in returns.
CA sachin chaurasiya
(Accounts & Finnance)
(32 Points)
Replied 02 May 2017
IF Dividend distribution tax is paid, then such dividend is exempt in the hands of the ShareHolders either it be OR,NOR,NR . However, if a payment is deemed as Dividend u/s 2(22)(e), then
(1.) DDT is not applicable under 115-O.
(2) COnsequently, it is taxable in the hands of the shareholders
(3) Also, the company is liable to deduct tax on such deemed dividend.
Vaishnavi Ganesh
(Chartered Accountant)
(861 Points)
Replied 03 May 2017
CA Rashmi Gandhi
(Chartered Accountant)
(86285 Points)
Replied 04 May 2017
Naresh Kumar
(Chief Manager)
(27 Points)
Replied 06 May 2017
Yes dividend received beyond 10 lacs is taxable irrespective of payment of DDT.
CAclubindia
