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dividend income tax free or taxable

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 September 2010 A Pvt Ltd co. has taken shares of a Coop Bank and receive Rs 20000.00-25000.00 per year as dividend from bank.

Is the dividend taxable or taxfree?
thanks
U B Mittal
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 September 2010 If DDT paid then tax free.

Generally it is received after payment of DDT and hence the same is tax free.

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