Is dividend received by shareholder of domestic company is taxable in the hands of shareholder?
Please advice if the situation changed if Dividend Distribution Tax is paid by the company or not?
Thanks in advance!
Income tax on dividend income
Replies (1)
Dividend declared by the company ( Interim/final) received in the hands of the shareholder is not taxable. The liabilty to tax is in the hands of the company which has to pay the dividend distribution tax. Even if the company defaultsin paying DDT, dividend received by shareholder would continue to be non taxable.
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