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Dividend exempt

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(Querist)
12 August 2015 if an assessee earns dividend on shares held...which dividends are exempt?? Are Dividends earned by holding shares of banks exempt?
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PRATIK AGRAWAL

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PRATIK AGRAWAL (Expert)
24 August 2015 As per section 10(34) of the income tax act any dividend received from Indian company is exempt from tax.

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