In India, a company which has declared, distributed or paid any amount as dividend is required to pay a dividend distribution tax(DDT) at 15%.Domestic companies have to pay the tax even if the company is not liable to pay any tax on its income. read more
On dividend{ sec-2(22)(e) } , NO DDT is payable by company but TDS will be deducted by company as it is not exempt in the hands of shareholders. Conclusion: No double taxation of dividend is there. Hope this will help. read more
Key Differences Between TDS and TCS. The difference between TDS and TCS can be drawn clearly on the following grounds: TDS implies the amount deducted from the recipient’s income in the form of tax. TCS refers to an amount accumulated by the seller or company as a tax. While TDS is like expense for the company, TCS is income. read more