when a person receive dividend from unlisted shares is Rupees 6 crores. There is no any other income for his/her. What is the surcharge percentage?
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Quick Summary
This discussion clarifies the dividend surcharge applicable to an individual with a sole income of Rs 6 crores from unlisted shares. Dividends are taxed at normal slab rates. The key question is whether the surcharge is 15% or 37%, depending on whether the total taxable income exceeds Rs 5 crores.