Income Tax : Discover the new tax rules for share buybacks under the Finance Bill 2024, including deemed dividend taxation and capital loss tre...
Company Law : Explore the Companies Act 2013's provisions on dividends and learn about the mechanisms for handling unclaimed dividends, ensuring...
CA, CS, CMA : Explore intricacies of deemed dividends in India. Understand definitions, applicable transactions, and tax implications. Uncover i...
Income Tax : Learn the taxability of dividend income with answers to FAQ's. Understand the basics of dividend income and its taxation in 2020 w...
Income Tax : Explore dividend taxation for investors and corporations, including changes post-April 2020. Learn about domestic and foreign divi...
Income Tax : Explore the Madras High Court's ruling on Section 248's inapplicability to dividend declarations. Detailed analysis and implicatio...
Income Tax : ITAT held that dividend declared, distributed or paid by a domestic company to non resident shareholder (s) attract additional inc...
Income Tax : ITAT Mumbai held that in terms of the provisions of the applicable tax treaty, i.e., Indo-Mauritius tax treaty, and as the provisi...
Income Tax : Manmohan Textiles Limited Vs National Faceless Appeal Centre (ITAT Mumbai) Provisions of Section 10(34) of the Act which stood ame...
Income Tax : Individual affairs are conducted and business decisions are made in expectation of consistency, uniformity and certainty and to d...
SEBI : As per the extant regulatory framework, the Trustees hold the property of the Mutual Fund in trust for the benefit of the unit hol...
Corporate Law : IRDAI permits Insurers to classify investments in Preference Shares and Equity Shares as part of Approved Investment of for at lea...
Discover the new tax rules for share buybacks under the Finance Bill 2024, including deemed dividend taxation and capital loss treatment starting October 2024.
Explore the Companies Act 2013’s provisions on dividends and learn about the mechanisms for handling unclaimed dividends, ensuring transparency and accountability.
Explore the Madras High Court’s ruling on Section 248’s inapplicability to dividend declarations. Detailed analysis and implications of the judgment.
Explore intricacies of deemed dividends in India. Understand definitions, applicable transactions, and tax implications. Uncover insights into Section 194 and 2(22) of Income Tax Act.
Learn the taxability of dividend income with answers to FAQ’s. Understand the basics of dividend income and its taxation in 2020 with this handy guide. Taxability of Dividend Income – FAQ’s
Explore dividend taxation for investors and corporations, including changes post-April 2020. Learn about domestic and foreign dividends, tax rates, and more.
As per the extant regulatory framework, the Trustees hold the property of the Mutual Fund in trust for the benefit of the unit holders and their primary role is to ensure that AMCs appointed by them act in the best interests of the unitholders. Accordingly, any conflict between interests of unitholder and that of AMCs’ stakeholders needs to be addressed by the Trustees.
ITAT held that dividend declared, distributed or paid by a domestic company to non resident shareholder (s) attract additional income tax (tax on distributed profits) referred to in section 115-O of the Act, such additional income tax payable by the domestic company shall be at the rate of mentioned in section 115-O of the Act and not at the rate of tax applicable to the non resident shareholder(s) as specified in the relevant DTAA with reference to such dividend income.
Dividend taxation can lead to double taxation, as the profits are already taxed at the company level. This article explores the concept of dividend taxation under the Income Tax Act of India and compares it with global practices. It raises questions about the need for exemptions and discusses the potential impact on investments and economic growth.
The dividend income received by non-resident individuals, including Foreign Portfolio Investors (FPIs) and Non-Resident Indian citizens (NRIs), is taxable at a rate of 20% without any deductions under the Income-tax Act.
