Dividend withholding exemptions apply to specified insurers, business trusts, notified persons, and qualifying small non-cash individual dividends. Section 393(4) excludes specified dividend payments from tax deduction at source otherwise applicable to dividends. The exemption covers dividends paid to ... Summary
Dividend withholding exemptions apply to specified insurers, business trusts, notified persons, and qualifying small non-cash individual dividends.
Section 393(4) excludes specified dividend payments from tax deduction at source otherwise applicable to dividends. The exemption covers dividends paid to specified insurers, a Business Trust receiving dividends from a Special Purpose Vehicle, and persons notified by the Central Government. It also applies where an individual shareholder receives a non-cash dividend and the aggregate amount paid or distributed during the tax year remains within the prescribed threshold.
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