sir, kindly provide explanation of above mentioned sections.
thank you.
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Section 10(34) & Section 115BBDA & 115BBD
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Sec.10 (34) exempt the dividend in hands of recipeint provided such dividend subject to sec.115 O.
sec.115BBDA denotes that dividend except dividend u/s 2(22)(e) received from domestic company or companies in aggregate excess of Rs.10 lakhs, then amount in excess of Rs.10 lakh shall be liable to tax 10% u/s 115BBDA.
sec.115BBD stipulates that any indian co. income include any income by way of dividend from a foreign company in which 26% or more nominal capital held by Indian company, then such indain co. shall be liable to pay tax on such dividend u/s 115BBD @ 15% + surcharge as applicable + HEC
sec.115BBDA denotes that dividend except dividend u/s 2(22)(e) received from domestic company or companies in aggregate excess of Rs.10 lakhs, then amount in excess of Rs.10 lakh shall be liable to tax 10% u/s 115BBDA.
sec.115BBD stipulates that any indian co. income include any income by way of dividend from a foreign company in which 26% or more nominal capital held by Indian company, then such indain co. shall be liable to pay tax on such dividend u/s 115BBD @ 15% + surcharge as applicable + HEC
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