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Dividend income

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(Querist)
26 October 2009 Is dividend received from a schedule bank eg DNSB bank exempt from tax U/s 10 (34)? pl reply
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HARI K V

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HARI K V (Expert)
26 October 2009 Yes..., As dividend TAx is paid on the Dividend by the respective Bank, It is exempt
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
26 October 2009 Agree
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