Eg. Short term capital loss on sale of shares = Rs. 50,00,000.
(purchased and sold within 3 months before and after record date)
Dividend received= Rs. 15,00,000
STCL allowed would be
40,00,000 or 35,00,000?
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Dividend stripping
Replies (3)
Short term capital loss shall be carried forward for 4 year and dividend income treated as ifos income
dividend received by a shareholder would be chargeable under Income Tax at the rate of 10%, if the aggregate amount of dividend received from a domestic company during the year exceeds Rs. 10,00,000. A specified assessee means a person other than:
A domestic company; or
A fund or institution or trust or any university or other educational institution or any hospital or other medical institution.
A trust or institution registered under section 12A or section 12AA.
dividend received by a shareholder would be chargeable under Income Tax at the rate of 10%, if the aggregate amount of dividend received from a domestic company during the year exceeds Rs. 10,00,000. A specified assessee means a person other than:
A domestic company; or
A fund or institution or trust or any university or other educational institution or any hospital or other medical institution.
A trust or institution registered under section 12A or section 12AA.
Im asking about dividend stripping implications u/s 94
Rs. 35,00,000 will be the Short Term Capital Loss
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