Dividend received by domestic company
Siddharth Parmar (ipcc student) (61 Points)
17 October 2019
Any dividend received by a domestic company taxability ???
Siddharth Parmar (ipcc student) (61 Points)
17 October 2019
Meet Parekh
(76 Points)
Replied 17 October 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 17 October 2019
1. Any dividend received from a domestic company will be exempted from payment of tax u/s 10(34).
2. However, the above dividend will be exempt subject to sec 115BBDA. Sec 115BBDA tax dividend received from domestic companies in excess of Rs. 10 lakhs during the year.
Please correct me if the above solution has an alternative view.
Ashok Kumar
(CA qualified)
(389 Points)
Replied 17 October 2019
Dividend received from Domestic Company in excess of Rs. 10 lakhs in a year is taxable in case of all persons, except received by another domestic company or tax exempt institutions (10(23C)(iv),(v),(vi),(via), 12A)
sabyasachi mukherjee
(25983 Points)
Replied 18 October 2019
Kapadia Pravin
(17249 Points)
Replied 18 October 2019
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