SEO Sai Gr. Hosp.
211715 Points
Posted on 19 October 2018
Dividend received from an Indian company which has suffered dividend distribution tax is exempt from tax under section 10(34). However, as per section 115BBDA, in the case of a "specified assessee"* dividend shall be chargeable to tax at the rate of 10% if aggregate amount if dividend received from a domestic company during the year exceeds Rs. 10,00,000.