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dividend of share s
dividend income is taxubul
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Dividend income as per section 10(34) and as per 10(35) received from Indian companies and mutual funds is exempt from tax in hands of investors. As per budget amendment last year, tax on dividend income is payable if it exceeds Rs 10 lakhs by Individuals and HUF. Dividend income received from foreign companies is taxable in hands of investors as DDT is not applicable to them.
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