Can nebody tell me if there are any changes in the section 14 A of Income Tax Act.My question is regarding the exempt dividend income.Is it still exempt????
Please Reply ASAP....
yatish kotiyan (Articled Clerk) (372 Points)
10 September 2009Can nebody tell me if there are any changes in the section 14 A of Income Tax Act.My question is regarding the exempt dividend income.Is it still exempt????
Please Reply ASAP....
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 10 September 2009
Yes it is exempt till date
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 10 September 2009
DIVIDEND INCOME IS EXEMPT IN THE HANDS OF SHARE/UNIT-HOLDER...........BUT TAXABLE IN THE HANDS OF COMPANY PAYING DIVIDEND AS DDT OR IN THE HANDS OF muTUAL FUND PAYING DIVIDEND U/S115R......
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