Is Dividend earned from Tax Saving Bonds taxable?
Nitil Kr. Agarwala (Persuing CS) (264 Points)
25 July 2011
Is Dividend earned from Tax Saving Bonds taxable?
C.A SHASHANK GOYAL
(Chartered Accountant)
(362 Points)
Replied 25 July 2011
HI, dividend will not be taxable as it is fully exempt u/s 10(34) as this in my opinion will fall under the dividend declared under section 115O .
CAclubindia
