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About dividend income received more than 15 lakh..
if I received 20 lakh dividend for assessment year 2020 - 2021 . is it a exempt income Or i need to pay tax?
Replies (5)
Quick Summary
No it is not exempted
Fully taxable
Dividend income received up-to 31/03/2020 is exempt under section 10(34). please correct me if I'm wrong
Only upto 10 lakh
Dividends in excess of 10 lakhs is taxable in case of only specified persons
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