Search Results for Tag : Dividend
Top Story
Reserve Bank of India prescribes guidelines on distribution of dividend by NBFCs(24.06.2021)
In order to enhance more transparency and uniformity, RBI prescribes guidelines on distribution of dividend by Non-Banking Financial Company (NBFCs). .....
Tags : Dividend, NBFCs, Guidelines
News
Public Sector Firms to Pay 30% Dividend(08.01.2016)
Finance Ministry has asked Central Public Sector Enterprises (CPSEs) to shell out 30% dividend to the government, and that CPSEs with large cash reser.....
Tags : Finance Ministry, Central Public Sector Enterprises , Dividend
ITAT, Delhi Gives Relief on DDT by Local Companies on Dividends to Foreign Shareholders(15.10.2020)
Income-Tax Appellate Tribunal (ITAT), Delhi has ruled that dividend distribution tax (DDT) payable by Indian companies on dividends distributed to non.....
Tags : Income Tax Appellate Tribunal, Dividend Distribution Tax
Madras High Court: Share Purchase As Per Company Court’s Constitute Dividend(04.07.2019)
Madras High Court has ruled that the shares purchased pursuant to the order of Company Court would not amount to capital gain and rather will be treat.....
Tags : Madras High Court, Dividend
ITAT: Normal Business Advances Not in Nature of ‘Loan’ are Not Deemed Dividend(21.01.2020)
Income Tax Appellate Tribunal, Delhi has held that the transaction where advance is received in the normal course of business and which is not taken a.....
Tags : Income Tax Appellate Tribunal, Business Advances, Deemed Dividend
ITAT: Loan On Interest From Sister Concern Does Amount To ‘Deemed Dividend’(17.11.2021)
Income Tax Appellate Tribunal (ITAT), Delhi bench has held that loan on interest received from the sister concern to fulfill the enhanced requirement .....
Tags : ITAT, Loan on Interest, Deemed Dividend
ITAT, Mumbai: Dividend Derived from Shares Held as Stock in Trade Cannot be Disallowed(31.01.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the dividend which is derived from the Shares which are ‘stock in shares’ will not be compu.....
Tags : Income Tax Appellate Tribunal, Dividend Derived from Shares Held as Stock in Trade
ITAT Delhi: Remuneration to Director in Proportion to Experience Having No Impact is Not ‘Dividend’(12.06.2019)
Income Tax Appellate Tribunal (ITAT) Delhi has noted that the remuneration paid to Director of company, who is an experienced Chartered Accountant in .....
Tags : ITAT Delhi, Dividend
Madras HC Rejects Cognizant's Plea Challenging Rs 2,912 Crore Income Tax Demand(26.06.2019)
Madras High Court has dismissed information technology major Cognizant Technology Solutions plea of challenging the recovery proceedings initiated by .....
Tags : Madras High Court, dividend distribution tax, Cognizant Technology Solutions
ITAT, Mumbai: Deemed Dividend Would Not Attract Loans and Advances Out of Commercial Consideration(26.04.2022)
Income Tax Appellate Tribunal, Mumbai has observed that the provisions of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961 would be .....
Tags : Income Tax Appellate Tribunal, Deemed Dividend, Section 2(22)(e), Income Tax Act, 1961
ITAT: Dividend Received by Builder not Subject to DDT Shall Assessable as ‘Other Income’(24.05.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the dividend income received by the assessee, a builder, which is not subject to Divi.....
Tags : ITAT, Dividend Distribution Tax, Income from other sources
Notifications & Circulars
Declaration of dividends by banks(22.04.2021)
1. Please refer to our circular DOR.BP.BC.No.29/21.02.067/2020-21 dated December 4, 2020, and other associated circulars on the captioned subject. Tags : Declaration, Dividends, Banks
Format, procedure and guidelines for submission of Statement of Financial Transactions for Dividend income(20.04.2021)
1. Section 285BA of the Income Tax Act, 1961 and Rule 114E requires specified reporting persons to furnish statement of financial transaction (SFT). <.....
Tags : Procedure, Guidelines, Dividend income
No deduction of income tax shall be made under Section 194 of the Income-tax Act from any income in the nature of dividend paid by any unit as specified(20.07.2023)
In exercise of the powers conferred by sub-section (1F) of section 197A read with clause (34B) of section 10 of the Income-tax Act,1961 (43 of 1961) (.....
Tags : Deduction, Income, Dividend
Circular on Mutual Funds(25.02.2016)
The Securities and Exchange Board of India released a circular on the treatment of unclaimed redemption and divided amounts. Some of the changes inclu.....
Tags : Mutual funds, unclaimed redemption, dividend amounts
Dividend criteria for equity investment under "Approved Investment"(31.03.2021)
Considering the representations made by Life and General Insurance Councils, the Authority in exercise of the powers conferred under Regulation 14(2) .....
Tags : Dividend criteria, Equity investment, Approval