Dividend

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GOVIND KOSHTI

GOVIND KOSHTI (Querist)
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25 February 2013 WHETHER DIVIDEND RECEIVED FROM BANK IS TAXABLE..?

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)
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25 February 2013 Dividend received from a company is not taxable.

GOVIND KOSHTI

GOVIND KOSHTI (Querist)
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25 February 2013 whether the dividened on shares of bank is taxable or not???

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CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)
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25 February 2013 The dividends which you received from a bank are not taxable in your hands.

The company pays dividend distribution tax.

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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25 February 2013 Exempt is:-

Any income by way of dividend received on which Corporate Dividend tax is payable.

Remember that Dividend received from a Co-operative Society is not exempt from tax.

If Dividend received From bank Which is Registered as Cooperative Society is Not Exempted.

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