If an individual has dividend income of rs.10Lakh and interest income of rs.1Lakh.
Whether dividend income will be included in gross income to calculate tax slab or full amount will be tax free as income excluding dividend is below taxable limit?
Menu
Taxation on dividend income
Replies (3)
Quick Summary
Tax liability will arise over aggregate income, including dividend.
The investors and shareholders from 1st April 2020 are liable to tax on dividend income as applicable slab rates.
A domestic company is to deduct tax at the rate of 10% on payment of dividends to its resident shareholders when such dividend exceeds ₹ 5,000.
Thank you sir
You are welcome.
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
