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Tax liability on pvt co, if invest in mutual fund and shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 April 2016 IF ANY INDIAN PVT CO. INVEST IN MUTUAL FUND & SHARE TRADING IN ANY INDIAN CO.AND RECIEVE ANY DIVIDEND FROM THAT CO, IS IT EXEMPT FOR TAX LIABILTY U/S 10(34).OR IN ANY OTHER SECTION.

IF IT IS NOT EXEMPT FROM TAX LIABILTY SO IN WHICH SECTION IT WAS TAXABLE .
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Amol S Joglekar

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Amol S Joglekar (Expert)
25 April 2016 dividend from shares of Indian company is exempt, provided dividend distribution tax is paid by such a dividend paying company.
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CA SUNIL K GARG

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CA SUNIL K GARG (Expert)
25 April 2016 dividend paid by indian company is exempt in the hands of shareholder and company will pay dividend distribution tax on dividend paid.
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Rupesh Jain

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Rupesh Jain (Expert)
25 April 2016 its not taxable in hand of receipent .

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