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Income exempt from Dividend income from Mutual funds.
Previously income from dividend received from mutual funds up to Rs.10,00,000/- is exempted in the hands of the individual. Whether the same is available now from FY 2020-21?
Replies (8)
Quick Summary
For ay 20-21 u/s 10(34) dividend income is exempt in the hands of shareholders because company is liable to pay CDT us 115o on this
Sir, I am concerned with FY 2020-21 i.e AY 2021-22 where dividend is taxed in the hands of the receiptent and mainly whether exemption available up to Rs.10,00,000/- on the dividend received from Mutual funds. Pl clarify.
Taxable
The dividend will added to the individuals icome and will be taxed at the applicable income tax slab rate
if it exceeds rs 5000 in a financial year the TDS will be cut @ 10%
if it exceeds rs 5000 in a financial year the TDS will be cut @ 10%
What is the relavance of Sec 115BBDA . Itis not amended. Pl clarify.
@ devil, it is DDT dividend distribution tax , not cdt
There is nothing like cdt ....Ok I understood probably mugupping has these kind of effects ...its ok
There is nothing like cdt ....Ok I understood probably mugupping has these kind of effects ...its ok
Thank you all for giving clarifications.
As for sec 115BBDA assessee is no longer required to pay tax under this as TDS is their
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