Saurav Sood, a chartered accountant (CA) and practice leader (International tax and transfer pricing) at SW India, a tax, accounting and outsourcing services company, said dividend is taxable as income from other sources.
“If the recipient is an individual, the dividend shall be taxed according to his respective income tax slab rate. However, taxes withheld on such dividends (TDS) will be available as tax credit while filing the tax return,” Sood of SW India further added.
