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Dividend on co-operative shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 February 2014 what is the mandatory dividend is required to declare by the co-operative bank to the shareholder?
what is the tax rate appicable on the dividend received from the co-op bank?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
24 February 2014 there is no mandatory dividend regulation...

it has to be included in other incomes and taxed at normal rates..
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
27 February 2014 1. Nil
2. At slab rate applicable to compute total income.
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