Only Dividend under Section 2 (22) ( e) covered here.

TDS Rate is 10%

Cutoff is Rs 2500

 

Note:-

No TDS under Section 194 in case

Payment to individual shareholder

+

Amount of dividend is upto 2500

+

Dividend is paid by an account payee cheque.

 

The TDS provisions will not apply to dividend receivable by LIC, GIC, its subsidiaries or any other insurer provided the shares are owned by them, or they have full beneficial interest in such shares.

 

 

 

Note:-

Dividend under Section 2 (22) (a) to (d) not covered here as Dividend distribution tax is applicable on it.

  1. Income Tax
  2. Tax Deducted at Source (TDS)

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.