Taxability of Dividend received from co operative society
Abhijit (CA ) (250 Points)
04 August 2018
Whether dividend received from co-operative society is taxable in the hands of member ?
5 Replies
Ashwin Kumar
(168 Points)
Replied 04 August 2018
it is exempted provided DDT has been paid by the society
Abhijit
(CA )
(250 Points)
Replied 04 August 2018
But , DDT is applicable only to companies reg. under companies Act
Ashwin Kumar
(168 Points)
Replied 04 August 2018
even if it is a co operative society it has to pay DDT ....
Abhijit
(CA )
(250 Points)
Replied 04 August 2018
Please , provide extract of any section to support this assertion
Ashwin Kumar
(168 Points)
Replied 04 August 2018
sorry I was wrong just a bit confused income by way of dividend from co operative society is exempted...
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