Taxability on Dividend received by resident individual of Rs. 12,00,000 in the P.Y. 2018-19
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Dividend received from domestic company
Replies (6)
Exempt upto 10 lakhs.
And 2 lakhs taxable in your return
And 2 lakhs taxable in your return
u/s 115BBDA , DIVIDEND FROM DOMESTIC COMPANY ----2,00,000 TAXABLE @ 10%
UPTO 10 L FULLY EXEMPT
UPTO 10 L FULLY EXEMPT
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" .
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.
In order to remove the suspiciousness of Individuals , companies earning huge dividends and in order to boost more persons investing in these capital asset.
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.
@ 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
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