Dividend income tweak to help investors
- Press Release|
- < 1 minute
- By Taxmann
- |
- Last Updated on 8 February, 2021
03 Feb 2021
Naveen Wadhwa, deputy general manager, Taxmann Said:
“Traditionally, domestic companies paid the tax on dividend before giving it to shareholders. It was changed in the earlier budget, and investors receiving dividends on or after 1 April 2020 were required to pay tax on it. Due to this, they were also subjected to pay advance tax on dividend income,”
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