TMI BlogSection 194 - TDS on DividendX X X X Extracts X X X X X X X X Extracts X X X X ..... res) within India, shall, who is resident in India, of any dividend within the meaning of sub-clause ( a )/( b )/( c )/( d )/( e ) of clause ( 22 ) of section 2, deduct from the amount of such dividend, Rate of TDS - 10% Time of Deduction - Before making any payment by any mode in respect of any dividend or before making any distribution or payment to a shareholder, whichever is earlier Exception ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ior citizen Form No. 15H), to the payer of dividend to the effect that the tax on his total income will be Nil. No deduction of income tax shall be made under section 194 of the Income-tax Act from any income in the nature of dividend paid by any unit of an International Financial Services Centre, primarily engaged in the business of leasing of an aircraft (hereinafter referred as payer) to a comp ..... X X X X Extracts X X X X X X X X Extracts X X X X
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