Exemption from deduction on small dividends for resident individual shareholders who declare income below taxable threshold. An inserted proviso to Section 194 exempts deduction at source on dividends to resident non-corporate shareholders where the dividend is small and the shareholder submits a prescribed, verified declaration that their estimated total income for the relevant previous year will be below the minimum taxable limit.
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Provisions expressly mentioned in the judgment/order text.
Exemption from deduction on small dividends for resident individual shareholders who declare income below taxable threshold.
An inserted proviso to Section 194 exempts deduction at source on dividends to resident non-corporate shareholders where the dividend is small and the shareholder submits a prescribed, verified declaration that their estimated total income for the relevant previous year will be below the minimum taxable limit.
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