Dividend Distribution Tax For Fy 2018 19

Dividend distribution tax is paid as per section 115o for any amount declared distributed or paid by a domestic company by way of dividend whether interim or otherwise whether out of current or accumulated profit. However the dividend received would be tax free in hands of investor.

Budget 2018 Mutual Fund Taxation Fy 2018 19 Basunivesh

dividend distribution tax for fy 2018 19

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The provisions of dividend distribution tax are governed by section 115 o under chapter xii d and were introduced by the finance act 1997.

Dividend distribution tax for fy 2018 19. Now with effect from 01042018 the equity oriented funds would also be liable to pay the dividend distribution tax at the rate of 10 sc cess effective rate 129422. News about dividend distribution tax. The rate for dividend distribution tax is mentioned below.

Finance minister arun jaitley on thursday proposed a 10 dividend distribution tax ddt on dividend options of equity funds to bring them on par with the growth schemes. The main highlight of personal income tax this. There isnt much changes from previous year income tax rate slab.

B the tax paid under mat which is in excess of the actual tax on total income is allowed to be carried forward as tax credit under mat for a period upto 15 fifteen years. Excel based income tax calculator for fy 2017 18 ay 2018 19 5. Mutual fund taxation fy 2018 19 dividend distribution tax ddt there are few investors who opt for dividend option in mutual funds.

Changes introduced by finance act 2014. Earn dividend income of over 10 lakh pay 10 dividend tax. Dividend distribution tax is the tax which is required to be paid at 15 by the company who has declared distributed or paid any amount as dividend.

Finance minister mr arul jaitley on 1st february 2018. Starting fy 2018 19 the dividends from equity mutual funds would attract dividend distribution tax of 10. They are usually given in proportion to the number of shares owned.

F dividend distribution tax sec 115 o is 15 but in case of dividend referred to in section 2 22 e of the income tax act it has been increased from 15 to 30. It is time to have new income tax rate for the financial year fy 2018 19 or for the assessment year ay 2019 20 after recent budget speech of hon. All about dividend distribution tax a dividend is a return given by a company to its shareholders out of profits made by it during a particular year.

The lok sabha recently approved an amendment to the finance bill 2016 which stated that dividend income earned that is above and beyond rs 10 lakh will be liable to incur a dividend tax of 10 per cent. Significant changes in income tax provisions by the finance act 2018 for fy 2017 18 and 2018 19 for sme businesses. Dividend distribution tax on equity mutual funds.

Hence let us see the taxation on the dividend of such funds.

Budget 2018 Mutual Fund Taxation Fy 2018 19 Basunivesh