Question ID :
38010
182513
''However, for a domestic company or a trust or institution registered under section 12A or section 12AA, the dividend is chargeable to tax under section 115BBDA at the rate of 10% if the aggregate amount of dividend received from a domestic company exceeds ? 10 lakhs.'' - in this provision why registration u/s 12A OR 12AA is differentiated where this is one thing?
Posted by
Pavankumar R. Nipanikar
on
Feb 27, 2019
Filed Under
Income from Other Sources
There is no differentiations in the law as such. However, if your dividend income is not subject to tax then you can give the company 15H/G declaration.
Posted by
CA. JHA SHANKAR KUMAR on
Aug 20, 2022