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tax liability on receipt of special dividend

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(Querist)
06 November 2009 hi,
can anybody suggest me that one of our customer received special dividend from the domestic indian company.is that taxable in the hands of share holder ?

thank you.
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
07 November 2009 Dividend is exempt from tax since the company will be paying dividend distribution tax
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CA Deepak S

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CA Deepak S (Expert)
07 November 2009 Agree with the expert




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