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
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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