Tax on dividend earned above ten lakhs
Rajendra Parikh (2 Points)
27 July 2018
Does this apply to dividends received on shares or both including dividends of mutual fund too?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(194198 Points)
Replied 27 July 2018
Only over dividend received from domestic companies (i.e. shares); not over MF......
Nitin Mahale
(CA Student)
(88 Points)
Replied 27 July 2018
dividend excess of ₹10lakhs attracts tax @ 10% u/s 115 BBDA
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