Hello All
Getting Share (Indian Cos) Dividends ( I invested before 2013)
to my wife account - who is a house maker, not going to any jobs
Such income from Share Dividend taxable or not under IT act
Adv Thanks
Cheers
Balaji Subbu
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Income from share dividend taxable or not
Replies (2)
THIS IS EXEMPTION INCOME U/S 10 IF YOU HAVE RECEIVE DIVIDENDS SHARE FROM HUF OR PARTNERHSHIP FIRM
GOOD LUCK!
Dividend income declared by a domestic company(Indian) is exempt in the hands of shareholders u/s 10(34).
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