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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)
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
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.
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CA Shiv

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CA Shiv (Expert)
20 May 2010 In short, dividend paid by indian companies are exempt in hands of individual.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
20 May 2010 Agreed...
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