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Indian Market, Regulation & Taxation

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Indian Market, Regulation & Taxation

Demat Account

An account with a depository in which securities are held in electronic form in the investor's name.

Test: the account is opened with a depository participant and holds securities as a beneficial owner record at NSDL or CDSL qualitative Indian Market, Regulation & Taxation

Dematerialisation

The conversion of physical share certificates into electronic holdings in a demat account.

Test: the physical certificate is surrendered to the depository participant and an equivalent electronic credit is made to the demat account qualitative Indian Market, Regulation & Taxation

Depository

An institution that holds securities in electronic form and enables their transfer between accounts.

Test: the entity is registered with SEBI as a depository and maintains securities in dematerialised form for beneficial owners qualitative Indian Market, Regulation & Taxation

Dividend Taxation

The taxation of dividends in the hands of the shareholder at their applicable slab rate, following the 2020 change.

Tax on Dividend = Dividend Received x Marginal Slab Rate, with TDS deducted by the company above a threshold ₹