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
Answer ID :
83651
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