dividend tax surcharges

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    AMIT ARORA New Member

    Kindly confirm the dividend tax surcharge for the F.Y. 2016-17
  2. ZED

    ZED Well-Known Member

    Yes Surcharge is applicable.
    Dividend in excess of 10 Lakhs are chargeable u/s 115BBDA.

    Extracts from Finance Act
    Provided also that in respect of any income chargeable to tax under sections 115A, 115AB, 115AC, 115ACA, 115AD, 115B, 115BA, 115BB, 115BBA, 115BBC, 115BBD, 115BBDA, 115BBE, 115BBF, 115E, 115JB or 115JC of the Income-tax Act, “advance tax” computed under the first proviso shall be increased by a surcharge, for purposes of the Union, calculated,—
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