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....
2 Replies
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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