Dividend income

YES..... for 'dividend' received by a 'specified assessee' as .....

(a)  "dividend" shall have the meaning assigned to it in clause (22) of section 2 but shall not include sub-clause (e) thereof;

(b)  "specified assessee" means a person other than,—

 (i)  a domestic company; or

 (ii)  a fund or institution or trust or any university or other educational institution or any hospital or other medical institution referred to in sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10; or

(iii)  a trust or institution registered under section 12A or section 12AA.]]