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dividends

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 May 2010 sir,

please tel me what is section 115-o

and

exemptions sec10(34)

20 May 2010 Section 115-O is for Tax on Distributed Profits on Domestic Companies.

U/s. 10(34) Dividend Paid my domestic company is exempt in the hands of shareholder. In otherwords, Exemption u/s 10(34) is applicable only for those dividend on which dividend tax is paid. other dividend are still be taxable.

20 May 2010 In short, dividend paid by indian companies are exempt in hands of individual.

20 May 2010 Agreed...


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