A person is the shareholder of the Indian Co. The co. declares the dividends.
Is the person liable to pay tax on the dividend recived by him??
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Replies (17)
dividend given by the indian co. to its shareholder's is exempt from tax.
sec 10(34) of income tax act.
Dear Lakshmi,
The dividend distributed by an Indian Company is subject to dividend distribution tax.It is exempt from tax in the hands of recipient under section 10(34) to avoid double taxation.
Regards,
Fatema.
it is exempt u/s 10(34), provided he has no substantial interest in the co.
| Originally posted by : FATEMA | ||
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Dear Lakshmi, The dividend distributed by an Indian Company is subject to dividend distribution tax.It is exempt from tax in the hands of recipient under section 10(34) to avoid double taxation. Regards, Fatema. |
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agree with all frnds....
Agreed with above replies on query raised by Lakshmi.....Thanx members.
Tds In 192 B Paid Wrongly In 194 j So What to do now? tell me plz
Hi samidha
U have file revised return of TDS.
The dividend distributed by an Indian Company is exempt under section 10(34) from tax in the hands of recipient to avoid double taxation because It subject to dividend distribution tax.
i agree with all..... exempt u/s 10(34)....
| Originally posted by : $AcH!n G | ||
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dividend given by the indian co. to its shareholder's is exempt from tax. sec 10(34) of income tax act. |
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not my friend laxmi.....dividend from indian co. is exempted u/s 10(34)
Kip Smyling alwayz
exempt u/s 10(34) because company has already paid tax on its income.
DDT is levied only on distribution of dividend (income is respect of co.), so DDT has no role to play in double taxable.
The very fact that company has already paid tax on its income y owners will bear tax..same in case of huf and partnership firm..
| Originally posted by : FATEMA | ||
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|
Dear Lakshmi, The dividend distributed by an Indian Company is subject to dividend distribution tax.It is exempt from tax in the hands of recipient under section 10(34) to avoid double taxation. Regards, Fatema. |
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Dividend is exempted from tax u/s 10 (34)
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