{"product_id":"taxmanns-taxation-of-dividends-book-by-divya-jokhakar","title":"Taxmann's Taxation of Dividends book By Divya Jokhakar","description":"\u003cp\u003e\u003cstrong\u003eTaxmann's Taxation of Dividends book By Divya Jokhakar\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eTaxation of Dividends is a comprehensive and analytically rich reference that simplifies every aspect of dividend taxation under the Income Tax Act 1961. Published under the aegis of the Bombay Chartered Accountants' Society (BCAS), the book traces the full journey of dividend taxation in India—from the classical regime to the Dividend Distribution Tax (DDT) era, and back to shareholder-level taxation post–Finance Act 2020. Built on a rigorous legislative, judicial, and administrative foundation, the book provides full-spectrum coverage of dividend-related provisions such as section 2(22) (including deemed dividends), section 8, section 80M, the erstwhile sections 115-O and 115BBDA, TDS provisions, anti-avoidance rules, DTAA implications, and the latest amendments affecting buybacks. Every topic is explained using case laws, examples, CBDT circulars, and chapter-wise FAQs to give readers conceptual clarity and practical application.\u003c\/p\u003e\n\u003cp\u003eThis book is designed as a definitive professional reference for:\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eChartered Accountants, Tax Consultants \u0026amp; Legal Practitioners\u003c\/strong\u003e dealing with dividend taxation, DDT legacy issues, TDS compliance, cross-border dividend withholding, and corporate tax planning\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCorporate Finance Teams, CFOs \u0026amp; Company Secretaries\u003c\/strong\u003e managing dividend declaration, inter-corporate dividends, buybacks, and compliance with sections 80M, 194, 195, and 206AA\/206AB\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWealth Managers, Investment Advisors \u0026amp; Portfolio Analysts\u003c\/strong\u003e who require clarity on the taxability of domestic and foreign dividends, treaty benefits, and characterisation issues\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eStudents \u0026amp; Academicians \u003c\/strong\u003eseeking a structured, authoritative textbook on dividend taxation backed by landmark judicial precedents and doctrinal interpretations\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePolicy Researchers \u0026amp; Think Tanks\u003c\/strong\u003e studying the evolution of India's dividend tax policy and its alignment with global anti-avoidance frameworks (MLI, PPT, GAAR)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe Present Publication is the 2026 Edition, authored by CA. Divya Jokhakar, commissioned by the BCAS and published by Taxmann. The noteworthy features of the book are as follows:\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e[\u003cstrong\u003eHistorical \u0026amp; Policy Evolution\u003c\/strong\u003e] Explains the complete timeline of dividend taxation—1961 to 2025—including the introduction, amendments, and abolition of the DDT regime, and re-emergence of classical taxation from 1-4-2020\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eDeep Dive into Section 2(22)\u003c\/strong\u003e] Provides exhaustive coverage of the inclusive definition of dividends, including:\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eDistributions out of accumulated profits\u003c\/li\u003e\n\u003cli\u003eDebentures, bonus shares to preference shareholders\u003c\/li\u003e\n\u003cli\u003eLiquidation and capital reduction distributions\u003c\/li\u003e\n\u003cli\u003eDeemed dividends under section 2(22)(e) with illustrations, judicial interpretations, exclusions, and grey areas highlighted by courts\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e[\u003cstrong\u003eModern Issues | Buybacks Now Taxed as Dividend (Post–1 Oct 2024)\u003c\/strong\u003e] Explains the major shift introduced through section 2(22)(f), including classification, TDS, treaty issues, and different impacts for residents and non-residents\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eCharacterisation, Head of Income \u0026amp; Deductibility\u003c\/strong\u003e] Discusses the subtle yet critical distinction between business income and income from other sources, and the limitations of deductions under section 57 post-Finance Act 2020\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eTax Rates, Treaty Relief \u0026amp; MLI Framework\u003c\/strong\u003e] Compares domestic tax rates with DTAA rates, MFN clauses, beneficial ownership tests, and Principal Purpose Test (PPT) implications under the MLI regime\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eCase-Law Driven Analytical Approach\u003c\/strong\u003e] Contains an authoritative set of judicial precedents that shape dividend taxation\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003ePractical FAQs\u003c\/strong\u003e] Includes more than 25 FAQs covering chargeability, TDS credit timing, dividend stripping, interest deductibility, NR filing requirements, and advance tax implications\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe book is organised into eleven well-structured chapters, each covering a crucial domain of dividend taxation. Key areas include:\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cstrong\u003eBackground and Developments till Date\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eEconomic role of dividends, interim vs. final dividends, and the double-taxation debate\u003c\/li\u003e\n\u003cli\u003eDetailed DDT chronology: rate movements, gross-up under section 115-O(1B), and introduction\/withdrawal of section 115BBDA\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eDefinition of Dividend\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eText and commentary on section 2(22), including exclusions like loans in the ordinary course of money-lending business, earlier deemed dividends later set off, and demerger distributions\u003c\/li\u003e\n\u003cli\u003eExtended treatment of deemed dividend mechanics, substantial interest thresholds, \"concern\" concept, and the shareholder vs. concern debate in cases like Ankitech and National Travel Services.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eSection 8 – Year of Taxability\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eDistinction between final and interim dividends; concept of 'unconditionally made available'\u003c\/li\u003e\n\u003cli\u003eCase laws on conditional declarations, regulatory approvals and ineffective declarations (Mafatlal Gagalbhai, Pfizer)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eDividends – Characterisation \u0026amp; Deductibility of Expenditure\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eTrader vs. investor tests (CBDT Circulars 4\/2007 and 6\/2016)\u003c\/li\u003e\n\u003cli\u003eDetailed dissection of section 14A regime (now historical but relevant) and continuing controversies around identifying dividend-linked expenditure even after dividends became taxable\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eDividend – Impact of Status\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eDomestic law position for each class of taxpayer with tabulated rates under 115AC, 115AD, 115E, 115A and IFSC concessions\u003c\/li\u003e\n\u003cli\u003eTreatment of foreign company recipients, deemed accrual under sections 5 and 9, and foreign tax credit with or without DTAA\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eDividend Stripping – Tax Aspects\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eWorked numerical examples illustrating section 94(7) loss disallowance\u003c\/li\u003e\n\u003cli\u003eLinkage with AS-13 and the distinction between return on investment vs. return of investment\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eDeduction u\/s 80M\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eRe-introduction background, numerical matrix of scenarios (no redistribution, partial redistribution, over-distribution)\u003c\/li\u003e\n\u003cli\u003eDiscussion of interaction with section 148\/148A proceedings\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eApplicable Tax Rates \u0026amp; TDS on Dividends\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eComprehensive rate tables for residents and non-residents, surcharge\/cess impact, MAT linkages, and special rates for ESOP GDRs\u003c\/li\u003e\n\u003cli\u003eStep-by-step explanation of TDS under sections 194, 194K, 195, 206AA, 206AB\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eJudicial Precedents\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eDigest-style summaries with facts, facts-issue-holding-takeaway format on DDT year of levy, Indo-Swiss treaty override on DDT rate, buyback valuation as colourable device, Oman dividend tax credit, section 14A scope and business-character of dividend income\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eFrequently Asked Questions\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e12+ FAQs covering chargeability, deductions, head of income, timing vs. TDS credit, dividend stripping applicability, NR compliance and advance tax\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eBuyback of Shares (Now Taxed as Dividend)\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003ePre-2024 regime explained, followed by line-by-line analysis of new section 2(22)(f) and its cascading implications\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe book follows a layered, issue-driven structure:\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eConceptual Introduction\u003c\/strong\u003e – Succinctly framing the problem (e.g. why deem certain payments as dividends, why restrict interest deductions, why re-introduce 80M)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eStatutory Text in Context\u003c\/strong\u003e – Key sections are quoted and then broken down into conditions, thresholds, explanations and provisos\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eJudicial \u0026amp; Administrative Lens\u003c\/strong\u003e – Leading decisions and CBDT circulars are integrated into the narrative rather than relegated to footnotes, emphasising interpretative trends\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIllustrations \u0026amp; Tables\u003c\/strong\u003e – Especially in chapters on 94(7), 80M, tax rates and TDS, plus practical matrices for different investor categories\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssues \u0026amp; Remarks\/FAQs\u003c\/strong\u003e – Each chapter anticipates practical questions, grey areas and likely litigation triggers, and closes with clarificatory comments and open questions (for example, capitalisation of disallowed interest; treaty characterisation of buyback dividends)\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Taxmann","offers":[{"title":"Default Title","offer_id":58391677239377,"sku":"9789371267199","price":246.4,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0574\/5534\/5745\/files\/1763373369817_1_9789371267199_Detail-Page-_1.jpg?v=1763467664","url":"https:\/\/buytestseries.in\/products\/taxmanns-taxation-of-dividends-book-by-divya-jokhakar","provider":"BuyTestSeries.in","version":"1.0","type":"link"}