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Dividend of CO-OPERATIVES BANKS - NON LISTED

This query is : Resolved 
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(Querist)
31 December 2010 Dear all

Please advise for Dividend recd from non listed cooperatives bank is taxable or not and if taxable @ what rate.

Regards
PREMAL PATEL
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
31 December 2010 If DDT paid at the time of declaration then exempt if not then taxable under the head income from other sources.

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