GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dividend paid by an Indian company is:
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Taxable in the hands of the company and exempt in the hands of the recipient
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Taxable in India in the hands of the recipient
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Exempt in the hands of recipient
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None of these
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Explanation:
Detailed explanation-1: -Yes, all dividend income is taxable in India. You will have to pay tax on your dividend income at the income tax slab rates applicable to you.
Detailed explanation-2: -Dividends are exempt in the hands of shareholders. Companies are not required to deduct tax from dividends paid to shareholders, and no tax credits will be available for offset against the recipient’s tax liability.
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