Tax on divided of Equity share

Income of dividend is taxable?
Replies (7)
Quick Summary
In India, dividend income is now taxable in the hands of shareholders, as domestic companies no longer pay Dividend Distribution Tax (DDT) from AY 2021-22. While DDT is generally abolished, there are specific cases where it still applies, particularly if a recipient receives dividends exceeding Rs. 10 lakhs in a financial year. Additionally, Tax Deducted at Source (TDS) under Section 194 is applicable on dividends exceeding Rs. 5,000.

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%.
Mr. saxena, you are quoting law.

no dividend distribution tax, and dividend taxable in hands of shareholder now.
Domestic company is not required to pay DDT from AY 2021-22, hence it will be taxable in the hands of shareholders
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.
I don't think this is correct.

there is TDs on dividend u/194.
TDS is applicable only if it exceeds 5K to the best of my knowledge. Let me know if I am incorrect
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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