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(Querist)
01 August 2009 Is dividend frim cooperative bank exempt from tax? if yes then under which section
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kunal jain

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kunal jain (Expert)
02 August 2009 Yes , Dividend received from cooperative bank is exempt under sec 10(34)
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Moiz

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Moiz (Querist)
03 August 2009 but coperative banks under coperative society act and not under companies act and sewc 10(34) speaks about dividend exempt from companies.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 August 2009 10(34) exempt. 10(34) states it relates to income by way of dividend referred to in section 115-O
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