The rate of tax leviable on aggregate dividend from domestic companies in the hands of Individual for the AY 2021-22 under section 115BBD A of the Income-tax, Act is:
A. Nil
B. 10% on dividend in excess of 7 10,000
C. 15% on dividend in excess of 7 10,00,000
D. 10% on dividend in excess of 71,00,000
Answer:A
The rate of tax leviable on aggregate dividend from domestic companies in the hands of Individual for the AY 2021-22 under section 115BBD A of the Income-tax, Act is:
A. Nil B. 10% on dividend in excess of 7 10,000 C. 15% on dividend in excess of 7 10,00,000 D. 10% on dividend in excess of 71,00,000