From 1 April 2020, Dividend Income will be taxable in the hands recipient shareholders as per the slab rate applicable on them. Earlier Dividend Income was exempt in the hands of Shareholders under Section 10(34) and tax on such dividend was payable by the Company under section 115-O. In which Year Dividend is Taxable when […]
1. If the Sales from your Business/Profession is more than Rs. 25 Lakhs or Income from Business/Profession is more than Rs. 2.5 Lakhs in any of 3 preceding years, then Books of Accounts will be compulsory maintained 2. Following Professions are also mandatorily required to maintain Books of Accounts if their Income more than Rs. […]
