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
Balaji Subbu (SAP FICO) (220 Points)
06 October 2016Hello 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
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 06 October 2016
THIS IS EXEMPTION INCOME U/S 10 IF YOU HAVE RECEIVE DIVIDENDS SHARE FROM HUF OR PARTNERHSHIP FIRM
GOOD LUCK!
CA Saba Naaz
(Chartered Accountant)
(8487 Points)
Replied 06 October 2016