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Sec 194 dividend taxability
Direct Taxation
Provisio 1 states that the aggregate dividend paid or payable to an resident individual in a year is less than 5000 rupees, there will be no deduction. 1. Is the aggregate amount is sum total of one company? 2. Is the aggregate amount is sum total of dividends from one or more companies? 3. If answer is 2, then how the other companies will come to know the dividend paid by them is <5000 when they do not know what is the dividend paid by other companies?
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