Dividend income
This query is : Resolved
09 July 2012
Dividend received from kalupur co -operative bank in the hands of members is exempt or not?
09 July 2012
Dividend income is exempted only if Dividend distribution tax is paid by the payer.
DDT is applicable only in case of company assessees. As such the dividend received form co-op bank is taxable.
DDT is applicable only in case of company assessees. As such the dividend received form co-op bank is taxable.
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