16 December 2016
suppose my dividend income is 1200000 from domestic company.
then under sec 10 (34) upto 1000000 will be exempt and in excess of 1000000 i.e. 200000 will be taxed @ 10 %.
is it correct?
or 1200000will be taxed @ 10%???
cz in some books its taxed on whole amt..
plj resolve this query asap...
CAclubindia
