Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Dividend tax deduction certificates allow no deduction or lower rates for eligible shareholders and specified trust holdings. Certificate of no deduction of tax or deduction at lower rates from dividends may be issued where the shareholder's income justifies such treatment and the prescribed conditions are satisfied. The shares must be in a public company and either beneficially owned by the applicant, with dividends not includible in another person's income, or held in trust wholly for charitable or religious purposes, with dividends exempt from tax. The certificate is valid for the specified period, not exceeding three years, is personal to the named holder, and ceases for transferred shares on notice to the company.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Dividend tax deduction certificates allow no deduction or lower rates for eligible shareholders and specified trust holdings.
Certificate of no deduction of tax or deduction at lower rates from dividends may be issued where the shareholder's income justifies such treatment and the prescribed conditions are satisfied. The shares must be in a public company and either beneficially owned by the applicant, with dividends not includible in another person's income, or held in trust wholly for charitable or religious purposes, with dividends exempt from tax. The certificate is valid for the specified period, not exceeding three years, is personal to the named holder, and ceases for transferred shares on notice to the company.
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