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Do we need to pay tax for Dividend?, Please help, I am confused...
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TSsdas86
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 Jul 14 2009, 10:04 PM
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Getting Started
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QUOTE(wassap @ Jul 14 2009, 09:44 PM) i believe for all dividend from YA 2008 onwards, they are adopting single tier dividend which means u dont have to pay for the tax. Hi, Thanks a lot for the help. Now, I finally understand. So, I can concentrate on my dividend investing style.  |
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TSsdas86
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Jul 15 2009, 09:31 PM
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Getting Started
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QUOTE(nujikabane @ Jul 15 2009, 04:22 PM) And to put it in more simpler term : The cheque that you get in your mailbox, no need declare, no need pay tax Why ?It has been taxed at source .  I am a student investing in stocks. I earn dividend and I also earn capital gain. Since I am not working and the money come from my school loan, how am I going to declare it in income tax? Since the dividend is already being taxed at the source, so I do not need to woory anything about taxation anymore right? I just get the dividend and no need to pay tax? Please help me clear my doubts...  |
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TSsdas86
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Jul 15 2009, 10:40 PM
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Getting Started
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QUOTE(nujikabane @ Jul 15 2009, 10:27 PM) You have answered your own doubt Yes, since it is being taxed at source, you do not need to worry about tax anymore. Just get the dividend and do whatever you like with it. Anyway, capital gain is never taxable in tax computation. Hi, Thanks a lot. Now, I can really concentrate o my dividend style for stock investment. |
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TSsdas86
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Jul 16 2009, 01:02 PM
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Getting Started
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QUOTE(htt @ Jul 16 2009, 06:38 AM) Open your account with IRB and declare the dividend, then you can get back the 25%. Why we can get the 25% back? If they already taxed, then how come we still can get it back? |
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TSsdas86
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Jul 16 2009, 01:22 PM
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Getting Started
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QUOTE(htt @ Jul 16 2009, 01:10 PM) Because lowest tax bracket is 0%, + some relief also. But if you have other income (voluntary allowance doesn't constitute income, you can consider giving some as well) or your dividend is substantial.  Thanks. If I claim it back, how long will it takes for me to get the money back? |
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TSsdas86
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Jul 16 2009, 01:43 PM
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Getting Started
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QUOTE(htt @ Jul 16 2009, 01:39 PM) Previously you will have to write in for the money to be refunded back to you, but I heard nowadays they did it automatically, not sure how is the time frame, maybe someone else can help? Hope someone can help. Need some explanation about it. |
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