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Dividend Income

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(Querist)
18 October 2010 Pls advise whether Dividend Income from shares and mutual funds is taxable in the hands of a Individual Assesse for the AY 2010-11 .


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Aditya Maheshwari

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Aditya Maheshwari (Expert)
18 October 2010 No it is exempt u/s 10(34).
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CA Punit

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CA Punit (Expert)
18 October 2010 Right..Tax on dividends are paid by the payer co./M.Fund & exempt in the hands of recipient u/s 10(34)



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taxindiaconnect

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taxindiaconnect (Expert)
19 October 2010 Agreed with experts
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CS ,CMA Shambhu Kr. jha

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CS ,CMA Shambhu Kr. jha (Expert)
20 October 2010 Dividends from indian company is exempted from tax as well as income from mutual fund

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