Dividend income

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Dividend income received as an individual from companies above 10 lacs what is tax liability In the hands of individual person
Replies (3)
Such dividend in excess of Rs 10 lakh will be taxed at 10% u/s 115BBDA
if dividend received from Indian company then not taxable hand of individual/receiver
if the dividend income received through mutual funds then it will be fully exempt...dividend from mutual fund has no limits...if recd from indian companies it will be taxed dividend received above 10lacs @ 10% u/s 115BBDA


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