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TDS on Dividend

229 views 2 replies

KS Sameera

3 Points Joined March 2016

Sec 194 requires TDS @ 10% of dividend other than dividend referred in sec 115-O. But subsequent to Finance act 2018 amendment where 2(22)(e) dividend is also covered by DDT now, what are the examples of Dividend other than those referred in 115-O. Is section 194 still relevant?

Replies (2)

rama krishnan

12244 Points Joined May 2017

attn sameera PLS provide relevant amendment in respect of including 2(22)(e) in the purview of ddt pls

KS Sameera

3 Points Joined March 2016

As per finance act 2018, Dividend u/s 2(22)(e) is liable to DDT @ 30% which was not the case earlier. Earlier DDT was applicable only on dividend under clause a to d. But w.e.f Finance Act 2018, DDT is leviable for dividend under clause e as well.