Articles for Dividend Income

Interest & Dividend Derived By One Cooperative Society From Its Investment Held With Another One Is Eligible For Deduction U/s 80P(2)(D): Pune ITAT
9 months, 1 week ago

Interest & Dividend Derived By One Cooperative Society From Its Investment Held With Another One Is Eligible For Deduction U/s 80P(2)(D): Pune ITAT

Live Law  

On finding that the views adopted by the tax authorities are not in conformity with legal position and binding judicial precedents, the Pune ITAT set-aside the impugned order passed by the AO and reversed the denial of deduction u/s 80P of the Income Tax Act, 1961. The Bench of the ITAT comprising of Partha Sarathi Choudhury and G. D. Padmahshali …

Society Investment Income Interest Dividend Cooperative Bench
Dividend Income From Indian Entity's Establishment In Oman Having ‘Permanent Establishment’ Status Under DTAA Not Taxable In India: Supreme Court
1 year, 3 months ago

Dividend Income From Indian Entity's Establishment In Oman Having ‘Permanent Establishment’ Status Under DTAA Not Taxable In India: Supreme Court

Live Law  

The Supreme Court has held that if an Indian Entity’s Establishment is operating in Oman and has a ‘Permanent Establishment’ status under Double Taxation Avoidance Agreement, then the dividend income received by the Indian Entity from such Establishment would not be taxable under Indian Taxation laws. There is no reason as to why all of a sudden, the assessee’s establishment …

India Supreme Court Tax Court Indian Income Tax Income
Indian oil firms explore using $600 million stranded in Russia to buy oil
1 year, 3 months ago

Indian oil firms explore using $600 million stranded in Russia to buy oil

Firstpost  

Soon after Russia’s invasion of Ukraine in February last year, several major Russian banks were banned from the Society for Worldwide Interbank Financial Telecommunication financial transaction processing system, constricting Moscow’s ability to access the global payments system. Indian oil firms are exploring the possibility of using approximately $600 million of their stranded dividend income in Russia to buy oil from …

Ukraine Russia Financial Oil Indian Bank Pti
Tata group plans to infuse up to $1.8 bn in Air India-Vistara
1 year, 10 months ago

Tata group plans to infuse up to $1.8 bn in Air India-Vistara

Live Mint  

Tata Sons Ltd may invest $1.5-1.8 billion in the proposed airline behemoth created by the merger of Air India and Vistara, two people aware of the development said. Even though the dividend is Tata Sons’ income and is not part of any plan to fund specific projects, there are several initiatives under Tata group that need funding, according to the …

India Aviation Air Income Dividend Company Tata Sons
Rishi Sunak's wife Akshata earned ₹126.61 crore dividend income from Infosys in 2022
2 years, 1 month ago

Rishi Sunak's wife Akshata earned ₹126.61 crore dividend income from Infosys in 2022

The Hindu  

Akshata Murty, Britain's incoming Prime Minister Rishi Sunak's wife whose tax status on income from outside the U.K. had triggered a controversy, earned ₹126.61 crore in dividend income in 2022 from her shareholding in India's second-largest IT firm Infosys. In 2021, it paid a total of ₹30 per share dividend, which would have given Ms. Murty a total of ₹119.5 …

India Dividend California Britain Stanford Sunak Rishi Sunak
Ultra short-term funds vs bank FDs: Where should I invest ₹7 lakh for 18 months?
2 years, 2 months ago

Ultra short-term funds vs bank FDs: Where should I invest ₹7 lakh for 18 months?

Live Mint  

I have surplus funds of Rs. Assuming you are in 20% or the highest slab of 30%, then you should not invest your hard-earned money in a bank fixed deposit as post tax returns will not even beat the inflation. However, if you have nil tax liability, you may consider investing in a suitable bank FD or a highest rated …

Tax Bank Income Dividend Fund Funds Invest
Tax returns filing this year: What has changed
3 years, 3 months ago

Tax returns filing this year: What has changed

Live Mint  

Every year, there are certain changes that are incorporated in the forms issued for filing income tax returns and the processes involved, which the taxpayer should know about. Say the deadline for filing ITR is 31 July, and a person files ITR on 5 August, interest will be levied at the rate of 1% per month on the tax due. …

Tax Income Interest This Year File Itr Taxpayer
Received dividend in FY20-21? Know the new rules before filing ITR
3 years, 6 months ago

Received dividend in FY20-21? Know the new rules before filing ITR

Live Mint  

NEW DELHI: From FY20-21, the government has made dividend distributed by a company taxable in the hands of the investors. dividend earned up to 15th June 2020, from 16th June 2020 to 15th September 2020, 16th September 2020 to 15th December 2020, 16th December 2020 to 15th March 2021 and 16th March 2021 to 31st March 2021,” said Tarun Kumar, …

Tax Income Dividend Itr Tds Dividend Income 2020 16Th
You will need to figure out residential status under Indian law
3 years, 8 months ago

You will need to figure out residential status under Indian law

Live Mint  

I’m an NRI and want to know if TDS is applicable on dividends for me. In the case of a shareholder qualifying as ‘non-resident’ in India under the Indian income tax law, dividend income is taxable at 20% plus applicable surcharge and 4% health and education cess on a gross basis. In the case of a shareholder qualifying as a …

Tax Indian Law Income Dividend Resident Rate Uae
Big boost to infra, healthcare in Modi sarkar's Budget 2021: Who got what
3 years, 10 months ago

Big boost to infra, healthcare in Modi sarkar's Budget 2021: Who got what

India TV News  

India's ambitious Budget 2021 had something for everyone. Image Source : PTI New Delhi: Union Finance Minister Nirmala Sitharaman speaks at Lok Sabha during the Budget Session of the Parliament, in New Delhi, Monday, Feb. 1, 2021. Image Source : PTI New Delhi: Union Finance Minister Nirmala Sitharaman at Lok Sabha during the Budget Session of the Parliament, in New …

Finance India Healthcare Tax Budget Indian Lok Sabha
Union Budget 2021: Here is Full Text of Nirmala Sitharaman's Address at the Parliament
3 years, 10 months ago

Union Budget 2021: Here is Full Text of Nirmala Sitharaman's Address at the Parliament

News 18  

Hon’ble Speaker, I present the Budget for the year 2021-2022. Setting up integrated public health labs in all districts and 3382 block public health units in 11 states; c. Establishing critical care hospital blocks in 602 districts and 12 central institutions; d. Strengthening of the National Centre for Disease Control, its 5 regional branches and 20 metropolitan health surveillance units; …

Government Health Japan Independence Goa Tax Budget
Budget 2021: Did Nirmala Sitharaman meet expectations of real estate sector?
3 years, 10 months ago

Budget 2021: Did Nirmala Sitharaman meet expectations of real estate sector?

India Today  

Affordable housing, tax deduction on home loan interest, debt financing for REITs and InvITs and boost to infrastructure in Union Budget 2021-22 are expected to be the biggest gains for the real estate sector in India. IndiaToday.in spoke to some experts from the real estate sector to understand what they think were the hits and misses of Union Budget 2021: …

India Infrastructure Budget Migrant Workers Construction Workers Projects Job Creation
Income tax on dividends: All you want to know
4 years, 1 month ago

Income tax on dividends: All you want to know

Live Mint  

By Rajeshree Sabnavis and Saurabh Shah Shareholders are entitled to the profits of the company and such profit when distributed is termed as ‘dividend’. Further, in 2017, the government decided to tax dividend in the hands of shareholders, who had an annual dividend income in excess of ₹10 lakh. > Resident corporate shareholders shall also have a higher tax outflow …

Tax Income Case Dividend Rate Regime Hands
NRIs are liable to pay tax on dividend income
4 years, 3 months ago

NRIs are liable to pay tax on dividend income

Live Mint  

I have been living in the UK for five years now, and I started investing in Indian stocks this year. —Name withheld on request Until 31 March, dividend income from an Indian company was exempt from Income tax in India with certain exception for super rich “residents”. For shareholders qualifying as NRI, dividend income is taxable at the rate of …

India Tax Indian Income Dividend Rate Nri