Dividend received from cooperative society

Is dividend recieved from cooperative society exempt Or taxable?
and under which section?
Replies (2)
Quick Summary
This discussion clarifies the tax treatment of dividends received from cooperative societies. It confirms that such dividends are generally taxable under the 'Income From Other Sources' head, rather than being exempt. The specific section of tax law applicable is also indicated.

Taxable u/h. Income From Other Sources.

Not exempt

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