where dividend paid by principal officer of domestic co. up to 2500 is exempt,
above it tds is deducted at 10%
Isn't that contradicting the section 10(34) which says dividend above 10lakhs is taxable at 10%
please justify. thank you
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TDS section 194 of dividend
Replies (3)
you have taken it absolutely wrong ....dividend paid by a foreign company exceeding ₹2500 will attract TDS and not by a domestic company. because domestic companies pay dividend distribution tax before declaring dividend and is hence exempted upto ₹ 10 lacs
Err.. sorry sir but I would like to correct
dividend paid by "domestic co" covered under section 2(22)(e) is taxable to tds if exceeds 2500
dividend paid by "domestic co" covered under section 2(22)(e) is taxable to tds if exceeds 2500
domestic company if
DDT paid then exempt upto ₹ 10 lacs
DDT NOT PAID then exempt upto ₹ 2500
DDT paid then exempt upto ₹ 10 lacs
DDT NOT PAID then exempt upto ₹ 2500
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