details regarding profit on debt and dividend

[kashif_0014]

salam

can any1 plz describe the correct treatment of profit on debt received by a person and dividend??

or if can any1 tell the relevant sections of ITO 2001 pertaining to profit on debt and divident with in the scope of MOD C of ICAP.


thanks

[kashif_0014]

can any1 plz quote the relevant section numbers??

[LapTop]

Dividend U/S 150

Profit on Debt U/S 151(1)a,b,c,d

[Abuzar Qazi]

Tax on Profit on debt shall be 10% and it shall be final tax in case of an individual and AOP see section 151
Dividend is taxable at source at the rate of 10% FTR See section 150