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Dividend on Share of Indian company
X a salaried person in a company has other income as Income from dividend on share of Indian companies an amount of Rs 25,000. Will he be eligible for any deductions/ examption in income?
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Dividend Income upto 10 lakhs is exempt income... you need to show this income under exempt income column.
AGREE WITH SUMIT SIR, DIVIDEND INCOME UPTO 10 LAKH FROM ANY INDIAN COMPANY IS EXEMPTED U/S 10(34)
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