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taxability of reinvestment of dividend received
if the dividend received is reinvested in the shares of the same company, is it taxable???... if yes, then at what rate???
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At first, dividend received from an indian company is not taxable income, as its exempted. So if you invest such income for purchasing share of the company.....there is no tax on expenditure.
....But when such shares are sold and...any short capital gain arising will be taxable... @ 10 %.....
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