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About dividend

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23 September 2016 MY CLIENT HAVE RECEIVE MORE THEN 10 LAKHS DIVIDEND IN THIS MONTH FROM PVT LTD... IS IT TAXABLE OR NOT......? AND IF ITS LESS THEN 10 LAKHS THEN ?
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CA Sumiit B Nagpal

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CA Sumiit B Nagpal (Expert)
23 September 2016 Dividend is totally exempt u/s 10(34) till A/Y 2016-17. If you are filing ITR now for A/Y 2016-17, no additional tax is payable.

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