Income Tax : The Finance Act, (2), 2024 has made certain changes relating to levy of income tax on consideration received on buy-back of shares...
Income Tax : Discover the new tax rules for share buybacks under the Finance Bill 2024, including deemed dividend taxation and capital loss tre...
Income Tax : Explore dividend taxation for investors and corporations, including changes post-April 2020. Learn about domestic and foreign divi...
Income Tax : Dividend distribution tax is one of the most controversial topics in the income tax area, and it has welcomed many judicial decisi...
Income Tax : Navigate the changes in dividend taxation post-Finance Act 2020. Delve into the tax obligations for domestic companies, withholdin...
Income Tax : Explore Sennheiser Electronics India vs Circle – 4 case at ITAT Delhi. Section 115-O rate applies for additional tax on dividend...
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 dividend declared, distributed or paid by a domestic company to a non-resident shareholder will attract Addi...
Income Tax : Strategic Infosystems Pvt. Ltd. Vs DCIT (ITAT Ahmedabad) In the instant case, the assessee has deducted and deposited DDT within t...
Income Tax : ITAT Mumbai expressed doubts on correctness of decisions of coordinate benches on dividend distribution tax (DDT) rate being restr...
The Finance Act, (2), 2024 has made certain changes relating to levy of income tax on consideration received on buy-back of shares resulting significant impact on income tax liability to shareholders. This change impacts all future buy back proposals. Corporates houses are evaluating different strategies to minimise the tax impact. Legal experts challenges taxing buy […]
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 Sennheiser Electronics India vs Circle – 4 case at ITAT Delhi. Section 115-O rate applies for additional tax on dividends to non-residents, not DTAA rate.
Explore dividend taxation for investors and corporations, including changes post-April 2020. Learn about domestic and foreign dividends, tax rates, and more.
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.
ITAT Mumbai held that dividend declared, distributed or paid by a domestic company to a non-resident shareholder will attract Additional Income Tax (Tax on Distributed Profits) referred to in Sec.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.
Dividend distribution tax is one of the most controversial topics in the income tax area, and it has welcomed many judicial decisions. DDT is a tax levied on dividends distributed by companies out of their profits amongst their shareholders.[
Strategic Infosystems Pvt. Ltd. Vs DCIT (ITAT Ahmedabad) In the instant case, the assessee has deducted and deposited DDT within time, but due to an inadvertent mistake in filing the challan, the assessee has been denied credit of DDT. The assessee has filed several applications under section 154 of the Act with the CPC, but […]
Navigate the changes in dividend taxation post-Finance Act 2020. Delve into the tax obligations for domestic companies, withholding tax, and the impact on shareholders. Stay informed on deductions, rates, and the implications for non-resident investors. Get comprehensive insights on the taxability of dividends under the Income Tax Act, 1961, and plan your financial strategies accordingly.
If a company is earning profit then they provide it to the shareholders of the company which is known as dividend. Dividend is income for shareholders so it is taxable in the hands of tax payer. Though, Income tax act 1961 provides exemption of dividend which is receive from an Indian company by imposing a […]
