dividends
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 May 2010
sir,
please tel me what is section 115-o
and
exemptions sec10(34)
please tel me what is section 115-o
and
exemptions sec10(34)
20 May 2010
Section 115-O is for Tax on Distributed Profits on Domestic Companies.
U/s. 10(34) Dividend Paid my domestic company is exempt in the hands of shareholder. In otherwords, Exemption u/s 10(34) is applicable only for those dividend on which dividend tax is paid. other dividend are still be taxable.
U/s. 10(34) Dividend Paid my domestic company is exempt in the hands of shareholder. In otherwords, Exemption u/s 10(34) is applicable only for those dividend on which dividend tax is paid. other dividend are still be taxable.
20 May 2010
In short, dividend paid by indian companies are exempt in hands of individual.
20 May 2010
Agreed...
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