Budget 2016-17 : Income Tax on Dividend Income..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Friday, March 04, 2016

Budget 2016-17 : Income Tax on Dividend Income..!

Budget 2016-17 : Income Tax on Dividend Income..!
In an attempt to bridge income inequality a rationale has been formed that persons with higher income can bear higher tax cost.


Thus, it is proposed that in addition to Dividend Distribution Tax (DDT) paid by the companies, income tax at the rate of 10% of gross amount of dividend will be payable by the recipients i.e. individuals, HUFs & firms receiving dividend in excess of Rs. 10 lakh per annum.
Budget 2016-17 : Income Tax on Dividend Income..! Reviewed by S. Chitra on March 04, 2016 Rating: 5 Budget 2016-17 : Income Tax on Dividend Income..! In an attempt to bridge income inequality a rationale has been formed that persons with...

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