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Dividend income of trust

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 August 2011 Dear All

Is dividend income is taxable in hands of trust, if trust not applied 85% of dividend for charitable purpose U/s 11.

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Astaf Mansuri

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Astaf Mansuri (Expert)
11 August 2011 divident received by the any person is exemt u/s 110-o. only if the company has paid the DDT on its profit.

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