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 ?

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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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