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juhsaf (NA) (24 Points)
Replied 01 April 2011

dividend from bank of india exempt  U/S 10(34)  OR   NOT


U S Sharma (glidor@gmail.com) (21056 Points)
Replied 01 April 2011

Originally posted by : juhsaf

dividend from bank of india exempt  U/S 10(34)  OR   NOT

if you are shareholder of bank of india, then exempted, otherwise its not dividend but interest, and interest is not exempted receipt.


juhsaf (NA) (24 Points)
Replied 03 April 2011

 does bank of india is limited company for getting exempt u\s 10 (34)



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