Taxability of Dividend Income from Domestic companies

Section 115-O: Domestic company will no longer be liable to pay DDT on the dividend paid to shareholders if the dividend is paid on or after 01.04.2020.
Section 10(34): Also no longer be exempt in the hands of recipient on or after 01-04-2020.
Section 57: No deduction allowed from dividend income except deduction of the interest expense.
Section 80M: A new section 80M has also been inserted in which the deduction in respect of certain inter corporate dividend is provided.
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#Taxability_of_Dividend_Income_from_Domestic_companies_as_per_Finance_Bill_2020 #Taxability_of_Dividend_Income #Dividend #Dividend_Income_from_Domestic_companies #Section_115-O #Section_10(34) #Section_57 #Section_80M #Taxability_in_the_hands_of_the_shareholders #deduction_in_respect_of_certain_inter_corporate_dividend

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