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Dividend received from domestic company

Ravi SADhiyan (Practice) (4510 Points)

03 September 2019

Taxability on Dividend received by resident individual of Rs. 12,00,000 in the P.Y. 2018-19

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6 Replies

Kapadia Pravin (17249 Points)
Replied 03 September 2019

Exempt upto 10 lakhs.
And 2 lakhs taxable in your return

1 Like

Priya Kashyap (Student) (7048 Points)
Replied 03 September 2019

u/s 115BBDA , DIVIDEND FROM DOMESTIC COMPANY ----2,00,000 TAXABLE @ 10%
UPTO 10 L FULLY EXEMPT

1 Like

Chinmoy Dey (67 Points)
Replied 03 September 2019

u/s 115BBDA Dividend income from domestic company is exempt upto Rs. 10 lakhs, but is taxable over Rs. 10 lakhs @ 10%, under the head " Income from Other Sources" .

2 Like

sabyasachi mukherjee (26047 Points)
Replied 03 September 2019

This section was introduced w.e.f. 01.04.2017.
In order to remove the suspiciousness of Individuals , companies earning huge dividends and in order to boost more persons investing in these capital asset.

srinivasulu k (accountant) (28 Points)
Replied 03 September 2019

dear all

when companies are paying dividends after PAT, it means that amount is already suffered with tax. Why an individual need to pay tax on dividends. Is not doubling the tax.

Priya Kashyap (Student) (7048 Points)
Replied 03 September 2019

@ srinivasulu

There is no scope of double taxation except where dividend received from a foreign company which is taxed in India and that country too...here taxpayer can claim DOuble taxation relief