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Rule 117 of Income Tax Rules 1962: Return of Dividends Paid

Rule 117 : Return of dividends paid
(Part XV : Miscellaneous)

(1) A return shall be furnished by the principal officer of a company under section 286 in respect of a dividend or aggregate dividends if the amount thereof exceeds one rupee in the case of a shareholder which is a company and in respect of dividend or aggregate dividends if the amount thereof exceeds Rs. 5,000 in the case of any other shareholder.


(2) The return referred to in sub-rule (1) shall be made in Form No. 51 and shall be delivered to the Income-tax Officer, who assesses the company.


Extra Notes for Readers:

- Rule 117 was introduced by the Income Tax (5th Amendment) Rules, 1989, w.e.f. 18th May 1989


Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.
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