Tax liability on pvt co, if invest in mutual fund and shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 April 2016
IF ANY INDIAN PVT CO. INVEST IN MUTUAL FUND & SHARE TRADING IN ANY INDIAN CO.AND RECIEVE ANY DIVIDEND FROM THAT CO, IS IT EXEMPT FOR TAX LIABILTY U/S 10(34).OR IN ANY OTHER SECTION.
IF IT IS NOT EXEMPT FROM TAX LIABILTY SO IN WHICH SECTION IT WAS TAXABLE .
IF IT IS NOT EXEMPT FROM TAX LIABILTY SO IN WHICH SECTION IT WAS TAXABLE .
Amol S Joglekar
(Expert)
25 April 2016
dividend from shares of Indian company is exempt, provided dividend distribution tax is paid by such a dividend paying company.
CA SUNIL K GARG
(Expert)
25 April 2016
dividend paid by indian company is exempt in the hands of shareholder and company will pay dividend distribution tax on dividend paid.
Rupesh Jain
(Expert)
25 April 2016
its not taxable in hand of receipent .
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