Dividend exempt U/s.10(34)

This query is : Resolved 

03 March 2010

Whether dividends declared by Nationalised banks are exempt U/s.10(34) of Income Tax Act, 1956.

Aditya Maheshwari (Expert)
04 March 2010

Dividend on which DDT paid is exempt u/s 10(34). The banks also pay DDT so they are also exempt

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

close x
Get Income Tax App    |    x