Taxability on interest income on dividend received on claim

CA Vineet Dubey (Accounts) (160 Points)

15 March 2013  

An assessee received dividend (including interest at 12% p.a.) which was unclaimed after transfer to  Dividend unpaid Account  but before transfered to  Investor Protection & Education Fund Account  after 3 year from the date of declaration of dividend. My problem is that what whole of dividend (including interest) is exempt from tax ?