Dividend

This query is : Resolved 

13 November 2013 dividend income is taxable or not for individual of huf

13 November 2013 Dividend Income received from Indian Companies , on which dividend distribution tax has been paid by the company, is an income exempt from tax.

13 November 2013 Agree with Expert,

Dividends are normally exempt from income tax. However, only dividends of the nature referred to in Section 115-O is exempt from tax in the hands of the recipient.

Section 115-O does not include dividend from a foreign company and dividends of the nature referred to in Section 2(22)(e).




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