Threshold limits for deduction of tax at source from income by way of dividends and income from units.

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....lhi - 110 001. Dated 12^th, September, 2002. To All Chambers of Commerce & Industry (As per standard list) Subject:- Threshold limits for deduction of tax at source from income by way of dividends and income from units. Sir, A copy of the Circular No.6/2002 dated 2nd August, 2002 (F.No.133/1/2002-TPL) issued by the Ministry of Finance, Department of Revenue, Central Board of D....

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.... the Finance Act, 2002.  For small investors investing in equity, a threshold limit of Rs.1,000 was provided for the purpose of TDS.  Let us for senior citizens and for investors raise the threshold limit to Rs.2500. Thus, no tax will be deductible in respect of dividend upto Rs.2500, received from each company, or a mutual fund. With the computerisation of the Income Tax Department, dat....