Dividend Income

This query is : Resolved 

18 October 2010 Pls advise whether Dividend Income from shares and mutual funds is taxable in the hands of a Individual Assesse for the AY 2010-11 .


Thanks

18 October 2010 No it is exempt u/s 10(34).

18 October 2010 Right..Tax on dividends are paid by the payer co./M.Fund & exempt in the hands of recipient u/s 10(34)


19 October 2010 Agreed with experts

20 October 2010 Dividends from indian company is exempted from tax as well as income from mutual fund



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