11-23-2004, 09:40 PM
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Company deduct 10% with holding tax on dividend paid, but will the individual who will get this dividend will pay tax again on it while filing his return. Please give oridanance number as well.
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The dividend income is not double taxed, while filing of return by individual the same income is declared as tax exempted and separate return is filed for that under section 115(4) of the I T ordinance 2001.
SMR
Company deduct 10% with holding tax on dividend paid, but will the individual who will get this dividend will pay tax again on it while filing his return. Please give oridanance number as well.
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
The dividend income is not double taxed, while filing of return by individual the same income is declared as tax exempted and separate return is filed for that under section 115(4) of the I T ordinance 2001.
SMR
