Limit for claiming exemption for dividend


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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2011 i am earing dividend from the companys whose share i have purchase, so want to know whether i can claim exemption for dividend i earn,and how much amount i can claim for exemption for dividend. is ther any limit ?

30 December 2011 Dividends earned from Indian companies are exempt in the hands of the shareholder under Section 10(34).

There is no limit to the amount of dividend exempt.

ALL the dividends received are exempt from tax.


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