Mr. Ganapathy a resident individual received ₹ 12 lakhs during the financial year 2016-17 by way of dividend from domestic companies. The companies have paid dividend distribution tax under section 115-0 on the dividend
CS Executive · Tax Laws and Practice · PYQS · December 2017
Mr. Ganapathy a resident individual received ₹ 12 lakhs during the financial year 2016-17 by way of dividend from domestic companies. The companies have paid dividend distribution tax under section 115-0 on the dividend declared. The applicable rate of tax on such dividend income would be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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