Quick Summary
Dividend is the share of profits distributed to shareholders as a return on their investment.
Dividends can be interim (declared between AGMs) or final (declared at AGM). Companies must transfer profits to Dividend Equalization Reserve before declaration and pay within 30 days.
Key Points
- Share of company profits
- Interim or final dividend
- Declared by board/AGM
- Must be paid within 30 days
- TDS applicable above ₹5,000