Exemption of dividend income

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Chitsimran Singh (Querist)
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12 August 2014 Dear sir. . I have a query that . . Income received from Daily Dividend Scheme of HDFC . is it exempt?? if yess!! then under which section. . ???? plz tell

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 August 2014 only those div declared by indian co is exempted

Chitsimran Singh

Chitsimran Singh (Querist)
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12 August 2014 can you please tell the section? under which it is exempt??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 August 2014 only div rec from indian co who have paid div distribution tax is exempted others are taxable

Chitsimran Singh

Chitsimran Singh (Querist)
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12 August 2014 ok sir. .
if dividend is received from indian co. & DDT has also been paid.
but under which section it will be exempt. .??
plz tell the section???

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 August 2014 u/s 10 (34) it is exempted...........

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Chitsimran Singh

Chitsimran Singh (Querist)
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12 August 2014 Thank You Sir. . !!!

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 August 2014 you are welcome chitsimran singh..........

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 August 2014 have to disagree, the daily dividend scheme (option) by HDFC (if I am not wrong you are referring to HDFC mutual fund) are exempted under 10(35) instead of 10(34)

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