Posted September 30, 2013 by advocateguru in Learning Centre


    Dividend is sum of money paid regularly by company to its #

shareholders out of its profits.

It is a share of profits of the company received by the shareholder

based on number of shares he holds

Dividend from domestic company including Indian company is exempt from tax u/s 10(34)

Dividends received by a co-operative society or a foreign company is chargeable to tax under the head income from other sources

Dividend include both interim as well as final dividend.

Dividend from foreign company paid in India shall be taxable in India on receipt basis as income received in India.