Dividend

Deemed Dividend Taxation in India

Income Tax - 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....

Taxability of Dividend Income – FAQ’s

Income Tax - 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...

Comprehensive Guide: Tax Treatment of Dividends Received

Income Tax - Explore dividend taxation for investors and corporations, including changes post-April 2020. Learn about domestic and foreign dividends, tax rates, and more....

Double Taxation on Dividend: Understanding the Impact and Global Practices

Income Tax - 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 econom...

Taxability of Deemed Dividend under Section 2(22)(e) of Income Tax Act

Income Tax - 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....

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Section 248 Inapplicable to Tax Liability in Dividend Distribution by a Company

Dun & Bradstreet Technologies & Data Services Pvt. Ltd. Vs PCIT (Madras High Court) - Explore the Madras High Court's ruling on Section 248's inapplicability to dividend declarations. Detailed analysis and implications of the judgment....

Dividend distribution tax is a tax on domestic company distributing dividend

Ambuja Cement Ltd Vs ACIT-LTU (ITAT Mumbai) - 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 mention...

Dividends on Indian Depository Receipts not taxable in terms of Indo-Mauritius tax treaty

Barclays Capital Mauritius Limited Vs ACIT (ITAT Mumbai) - ITAT Mumbai held that in terms of the provisions of the applicable tax treaty, i.e., Indo-Mauritius tax treaty, and as the provisions of the applicable tax treaty, being more beneficial to the assessee, override the provisions of the domestic law, the taxability of the dividends on the IDRs fails....

Dividend Income for F.Y.2019-20 exempt under section10(34) of Income Tax Act

Manmohan Textiles Limited Vs National Faceless Appeal Centre (ITAT Mumbai) - Manmohan Textiles Limited Vs National Faceless Appeal Centre (ITAT Mumbai) Provisions of Section 10(34) of the Act which stood amended by the Finance Act, 2020 and is applicable from A.Y.2021-22 onwards. For the sake of convenience, the amended provisions of Section 10(34) of the Act are reproduced ...

HC deletes Section 36(1)(viii) disallowance on the principles consistency & certainty

PCIT Vs PNB Housing Finance Ltd (Delhi High Court) - Individual affairs are conducted and business decisions are made in expectation of consistency, uniformity and certainty and to detract from those principles is neither expedient nor desirable....

Roles & responsibilities of Trustees & board of directors of AMCs of Mutual Funds

Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/117 - (07/07/2023) - 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 unithold...

IRDA approves Preference & Equity Shares as approved investment subject to dividend

REF: IRDAUF8t1/CIR/INV/255/09/2021 - (27/09/2021) - IRDAI permits Insurers to classify investments in Preference Shares and Equity Shares as part of Approved Investment of for at least 2 consecutive years immediately preceding (as required under Regulation 3(a)(4) and 3(a)(S) of IRDAI (Investment) Regulations, 2016) for the period from 1st October, 2...

Recent Posts in "Dividend"

Section 248 Inapplicable to Tax Liability in Dividend Distribution by a Company

Dun & Bradstreet Technologies & Data Services Pvt. Ltd. Vs PCIT (Madras High Court)

Explore the Madras High Court's ruling on Section 248's inapplicability to dividend declarations. Detailed analysis and implications of the judgment....

Deemed Dividend Taxation in India

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....

Posted Under: Income Tax |

Taxability of Dividend Income – FAQ’s

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...

Posted Under: Income Tax |

Comprehensive Guide: Tax Treatment of Dividends Received

Explore dividend taxation for investors and corporations, including changes post-April 2020. Learn about domestic and foreign dividends, tax rates, and more....

Posted Under: Income Tax |

Roles & responsibilities of Trustees & board of directors of AMCs of Mutual Funds

Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/117 07/07/2023

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 need...

Dividend distribution tax is a tax on domestic company distributing dividend

Ambuja Cement Ltd Vs ACIT-LTU (ITAT Mumbai)

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 a...

Double Taxation on Dividend: Understanding the Impact and Global Practices

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 econom...

Posted Under: Income Tax |

Taxability of Deemed Dividend under Section 2(22)(e) of Income Tax Act

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....

Posted Under: Income Tax |

Understanding Dividends under Companies Act, 2013: Legal Provisions, Forms, Explanations, and Case Laws.

Companies Act, 2013, contains various provisions relating to the payment of dividends by companies to their shareholders. These provisions lay down the legal framework for the payment of dividends and set out the rights and obligations of companies and shareholders....

Posted Under: Income Tax |

Understanding TDS on Dividend Income & How to avoid it with Form 15G/15H

The income tax law of taxing dividends came into effect from April 1, 2020 (FY 2020-21). Earlier, the dividends were tax-free in the hands of investors. However, now dividends received from equity shares or any mutual fund schemes (equity or non-equity) are taxable in the hands of an investor....

Posted Under: Income Tax |

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