Taxation Exam > Taxation Videos > Income Tax for assessment (Inter Level) > S 194 TDS on Deemed Dividend
S 194 TDS on Deemed Dividend Video Lecture | Income Tax for assessment (Inter Level) - Taxation
|
405 videos|72 docs
|
FAQs on S 194 TDS on Deemed Dividend Video Lecture - Income Tax for assessment (Inter Level) - Taxation
| 1. What is deemed dividend taxation under section 194 TDS? |  |
Ans. Deemed dividend taxation under section 194 TDS refers to the taxation of deemed dividends, which are treated as dividends for tax purposes even though they may not meet the technical definition of dividends. Section 194 of the Income Tax Act requires the deduction of tax at source (TDS) on deemed dividends, ensuring that the tax liability is fulfilled by the recipient of such income.
| 2. How are deemed dividends different from regular dividends? | |
Ans. Deemed dividends differ from regular dividends in that they are not distributed profits by a company, but are treated as dividends for tax purposes. Regular dividends are the actual profits distributed to shareholders, while deemed dividends include certain transactions or payments that are deemed to be equivalent to dividends by the Income Tax Act.
| 3. What types of transactions or payments can be considered as deemed dividends? | |
Ans. Various transactions or payments can be considered as deemed dividends, such as loans or advances given by a closely-held company to its shareholders or their relatives, certain payments made by a company to its shareholders in connection with the transfer of shares, and any payment made by a company for acquiring its own shares from a shareholder.
| 4. Is TDS applicable on all deemed dividends? | |
Ans. Yes, TDS is applicable on all deemed dividends covered under section 194 of the Income Tax Act. The person responsible for making the payment is required to deduct tax at source at the specified rate and deposit it with the government. The recipient of the deemed dividend income can claim credit for the TDS deducted while filing their income tax return.
| 5. Are there any exemptions or thresholds for TDS on deemed dividends? | |
Ans. Yes, there are certain exemptions and thresholds for TDS on deemed dividends. For example, the provision of section 194 TDS does not apply to deemed dividends received from a venture capital company or venture capital fund. Additionally, if the total deemed dividend income during the financial year does not exceed Rs. 5,000, no TDS would be required to be deducted. However, it is advisable to consult a tax professional for specific details and applicability of exemptions.
Related Exams
About this Video
|
Nov 16, 2024 Last updated |
Video Description: S 194 TDS on Deemed Dividend for Taxation 2024 is part of Income Tax for assessment (Inter Level) preparation.
The notes and questions for S 194 TDS on Deemed Dividend have been prepared according to the Taxation exam syllabus.
Information about S 194 TDS on Deemed Dividend covers all important topics for Taxation 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for S 194 TDS on Deemed Dividend.
Introduction of S 194 TDS on Deemed Dividend in English is available as part of our Income Tax for assessment (Inter Level) for Taxation & S 194 TDS on Deemed Dividend in
Hindi for Income Tax for assessment (Inter Level) course. Download more important topics related with notes, lectures and mock test series for
Taxation Exam by signing up for free.
Description
Video Lecture & Questions for S 194 TDS on Deemed Dividend Video Lecture | Income Tax for assessment (Inter Level) - Taxation - Taxation full syllabus preparation | Free video for Taxation exam to prepare for Income Tax for assessment (Inter Level).
Information about S 194 TDS on Deemed Dividend
Here you can find the meaning of S 194 TDS on Deemed Dividend defined & explained in the simplest way possible.
Besides explaining types of S 194 TDS on Deemed Dividend theory, EduRev gives you an ample number of questions to practice S 194 TDS on Deemed Dividend tests,
examples and also practice Taxation tests.
|
405 videos|72 docs
|
|
Explore Courses for Taxation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
study material
,S 194 TDS on Deemed Dividend Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,Previous Year Questions with Solutions
,practice quizzes
,S 194 TDS on Deemed Dividend Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,video lectures
,Exam
,Important questions
,Viva Questions
,Sample Paper
,MCQs
,S 194 TDS on Deemed Dividend Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,Summary
,Extra Questions
,Semester Notes
,past year papers
,shortcuts and tricks
,mock tests for examination
,Free
,ppt
,Objective type Questions
;
Study S 194 TDS on Deemed Dividend on the App
Students of Taxation can study S 194 TDS on Deemed Dividend alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the S 194 TDS on Deemed Dividend,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of S 194 TDS on Deemed Dividend is prepared as per the latest Taxation syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup