Rationalization of taxation of income by way of dividend : Budget 2017 - 18 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Saturday, February 04, 2017

Rationalization of taxation of income by way of dividend : Budget 2017 - 18

Rationalization of taxation of income by way of dividend : Budget 2017 - 18

Under the existing provisions of section 115BBDA, income by way of dividend in excess of Rs. 10 lakh is chargeable to tax at the rate of 10% on gross basis in case of a resident individual, Hindu undivided family or firm.


With a view to ensure horizontal equity among all categories of tax payers deriving income from dividend, it is proposed to amend section 115BBDA so as to provide that the provisions of said section shall be applicable to all resident assessees except domestic company and certain funds, trusts, institutions, etc

This amendment will take effect from 1st April, 2018 and will, accordingly apply in relation to the assessment year 2018-19 and subsequent years. [Clause 44]
Rationalization of taxation of income by way of dividend : Budget 2017 - 18 Reviewed by S. Chitra on February 04, 2017 Rating: 5 Rationalization of taxation of income by way of dividend :  Budget 2017 - 18 Under the existing provisions of section 115BBDA, income b...

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