Dividend Received

The answer is no as well as yes.

As per section 10(34) dividend which has been charged to DDT is exempt from tax u/s 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 the aggregate amount of dividend received from a domestic company during the year exceeds Rs. 10,00,000.

Specified Assessee, means persons other than:

• a domestic company; or
• 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 subclause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10; or
• a trust or institution registered under section 12A or section 12AA.