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Income from share dividend taxable or not

157 views 2 replies

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

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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