Dividend By Private Ltd Company is EXempt or taxable

Rajesh Poddar (Chartered Accountant) (321 Points)

25 April 2010  

Dear Friends,

A Private Ltd. company declares Dividend. It also pays Dividend distribution tax.

IS the amount of Dividend received is exempt in the hands of shareholder  or Taxable in the hands of shareholder?

EVen if 2(22)(e) is applicable is the dividend taxable or exempt in the books of shareholders ?

Please reply

CA Rajesh Poddar