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Dividend received by domestic company
Any dividend received by a domestic company taxability ???
Replies (6)
No any Indian company's Dividend Income is not Taxable in income Tax
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.
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)
ANY DIVIDEND RECEIVED BY IN EXCESS OF RS.10 LACS IS TAXABLE IN A FINANCIAL YEAR.
@ Siddharth Parmar
Any dividend amount received by a domestic company is EXEMPT under 10(34)
Section 115BBDA is not applicable to Domestic Companies.
I hope Suresh ji will concur with this.
Any dividend amount received by a domestic company is EXEMPT under 10(34)
Section 115BBDA is not applicable to Domestic Companies.
I hope Suresh ji will concur with this.
Yes. Pravin Ji. Agreed
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