income and taxable income

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is income and taxable income same ?

dividend from indian company is an income but not taxable.

so if a question says calculate income should we take it into account????????

Replies (1)

NO INCOME AND TAXABLE INCOME ARE NOT SAME...

AND DIVIDEND REC FROM INDIAN COMPANY IS EXEMPT BY VIRTUE OF 10(34)& 10(35) BECAUSE CDT IS PAID ON THEM..

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