Dividend income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2013
Madam/Sir,
I want to know what is the definition of Indian company from which dividend received is exempt??? Whether co-operative, nationalized and schedule banks are included in the definition???
I want to know what is the definition of Indian company from which dividend received is exempt??? Whether co-operative, nationalized and schedule banks are included in the definition???
Anil Sankar V
(Expert)
16 May 2013
THey are included in the definition. A company defined under the companies act 1956
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Guest
Guest
(Expert)
17 May 2013
Income by way of dividends from domestic company u/s 115 0, is exempt u/s 10 (34).
Domestic company is define under 2(22A)
Any Indian company or
any other company who declare dividend in India
Domestic company is define under 2(22A)
Any Indian company or
any other company who declare dividend in India
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