Hello Professionals,
I've received the Dividend of Rs 60k from the shares which I've invested. Whether this amount is taxable or can i get a exemption u/s 10(34) or 115BBDA.... Please confirm.
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Tax on Dividends for Individual
Replies (2)
Section 10(34) which provide exemption to the share holders has been withdrawn , Thus dividend received during F.Y 20-21 and on wards now taxable in the hands of Shareholders , Consequently section 115BBDA has no relevance .Amount received as dividend income now will be taxable in the hands of Shareholders .
Yes it is taxable as normal income in other sources
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