https://www.taxtmi.com/circulars?id=4915 Section 194 mandates tax deduction at source from dividends by principal officers before payment or issuance of cheques or warrants, with an exemption for resident individuals in companies substantially owned by the public where dividends are paid by account payee cheque and aggregate distributions do not exceed a small-amount threshold. An amendment to the Finance Act First Schedule imposes a surcharge on income-tax, increasing tax computed under the Finance Act rates, effective 16 December 1987, and this surcharge is to be included in computing TDS on dividends. en-us Tue, 23 Feb 1988 00:00:00 +0530 Mon, 04 Aug 2008 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4915 Section 194 mandates tax deduction at source from dividends by principal officers before payment or issuance of cheques or warrants, with an exemption for resident individuals in companies substantially owned by the public where dividends are paid by account payee cheque and aggregate distributions do not exceed a small-amount threshold. An amendment to the Finance Act First Schedule imposes a surcharge on income-tax, increasing tax computed under the Finance Act rates, effective 16 December 1987, and this surcharge is to be included in computing TDS on dividends. Circulars Income Tax Tue, 23 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4915