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manojtalreja
(Querist)
01 May 2014
Hello Sir Namaste!! Manoj here
Sir I hve a one little doubt the doubt is sir why we Indian companies divident is exempted u/s 10(1) ??
01 May 2014
Companies pay Dividend Distribution Tax therefore its exempt in the hands of recipient. If not exempted then there will be double taxation.
Nikhil Kaushik
(Expert)
02 May 2014
Manoj one correction. it is exempt under 10(34). under 10(1) agriculture income is exempt
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