banner_ad

Tax liability on pvt co, if invest in mutual fund and shares

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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 .
Profile Image

Amol S Joglekar

Profile Image

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.
Profile Image

CA SUNIL K GARG

Profile Image

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.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
25 April 2016 its not taxable in hand of receipent .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details