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Tax on divided of Equity share

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1 Points Posted on 17 December 2021
Income of dividend is taxable?
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On 17 December 2021 at 16:39 Report
Replies (7)
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Company Secretary
7085 Points Posted on 17 December 2021
Yes, In India, a company which has declared distributed or paid any amount as a dividend is required to pay a dividend distribution tax at 15%.
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On 17 December 2021 at 16:57
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721 Points Posted on 17 December 2021
Mr. saxena, you are quoting law.

no dividend distribution tax, and dividend taxable in hands of shareholder now.
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On 17 December 2021 at 17:09
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Student
90 Points Posted on 18 December 2021
Domestic company is not required to pay DDT from AY 2021-22, hence it will be taxable in the hands of shareholders
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On 18 December 2021 at 00:03
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Profession Business
28207 Points Posted on 18 December 2021
Dividend distribution tax ìs payable in the following cases:
1. in case the recipient receives dividend aggregating to more than Rs.10 lacs in a financial year.
2. there is another clause.
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On 18 December 2021 at 17:03
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721 Points Posted on 18 December 2021
I don't think this is correct.

there is TDs on dividend u/194.
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On 18 December 2021 at 17:08
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Student
90 Points Posted on 18 December 2021
TDS is applicable only if it exceeds 5K to the best of my knowledge. Let me know if I am incorrect
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On 18 December 2021 at 17:17
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721 Points Posted on 18 December 2021
Yes correct.

I was only saying no dividend distribution tax even if dividend exceeds 10 lakhs as stated by Mr. Mukherjee.
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On 18 December 2021 at 17:22


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