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👉🏻Any person who receives Dividend from any Indian Company/Mutual Funds more than Rs. 5000 in a year from that company/Mutual fund are subject to TDS @10% as per Section 194 with effect from 01-04-2020.
👉🏻To avoid such TDS Share holder/unit holder may submit form 15G/15H in the company or Apply for Nil/Lower TDS certificate from Income tax department and submit the same in Company.
Note: If TDS once deducted than you can get it refund by filing of Income tax return Only.
The Union Budget 2025 has introduced several key tax reforms aimed at providing relief to individuals and businesses. Finance Minister Nirmala Sitharaman, in her record eighth consecutive Budget presentation, announced major changes including higher tax exemptions,...
The Union Budget 2025 has brought a major relief for taxpayers, particularly the middle-class segment. In a historic move, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually will now pay zero income tax under the new tax...
The Union Budget 2025 has introduced significant changes in India’s income tax structure, bringing relief to taxpayers across various income groups. One of the biggest highlights is the proposal to increase the tax exemption limit, ensuring that individuals earning up...
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