sir, kindly provide explanation of above mentioned sections.
thank you.
Sec.10 (34) exempt the dividend in hands of recipeint provided such dividend subject to sec.115 O.
sec.115BBDA denotes that dividend except dividend u/s 2(22)(e) received from domestic company or companies in aggregate excess of Rs.10 lakhs, then amount in excess of Rs.10 lakh shall be liable to tax 10% u/s 115BBDA.
sec.115BBD stipulates that any indian co. income include any income by way of dividend from a foreign company in which 26% or more nominal capital held by Indian company, then such indain co. shall be liable to pay tax on such dividend u/s 115BBD @ 15% + surcharge as applicable + HEC
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