Can dividends actually make you rich?
Recently, Infosys, the IT giant declared its Q-4 results and announced a dividend as well. The following days are going to be full of more such announcements.
Now, while you get happy receiving some extra cash, here’s everything you should know about dividends.
Whenever a company generates a good amount of profits, they have the choice to either reinvest the entire money back into the company’s growth or share a part of it as a reward to its shareholders which is what we call a dividend.
Companies can choose to reinvest their profits or distribute a portion to shareholders as dividends.
In this Tax Q&A video, we cover:
1. What are dividends?
2. What is ex-dividend date? What is the difference between the ex-dividend date and the record date?
3. What is dividend yield? How to calculate dividend yield?
4. Do I Need to Pay Tax on Dividend Income?/ What is the tax rate on dividend income?
5. Can I claim expenses on income from dividends?
6. What happens to dividends received by MFs?
Read more about dividends here: qna.tax/t/what-are-dividends-...
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