Threshold limit for TDS on dividend and mutual fund income raised, so no tax deduction below the specified limit. The Finance Act, 2002 makes dividend and mutual fund unit income taxable in the hands of shareholders and unitholders; the threshold limit for deduction of tax at source under the TDS provisions for dividends and for income from units is revised upward and shall apply with immediate effect so that no tax is deductible where the dividend or income from units received from a single company or mutual fund does not exceed the revised threshold.
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.
Threshold limit for TDS on dividend and mutual fund income raised, so no tax deduction below the specified limit.
The Finance Act, 2002 makes dividend and mutual fund unit income taxable in the hands of shareholders and unitholders; the threshold limit for deduction of tax at source under the TDS provisions for dividends and for income from units is revised upward and shall apply with immediate effect so that no tax is deductible where the dividend or income from units received from a single company or mutual fund does not exceed the revised threshold.
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