Taxability of dividend received from a co-operative society.

sabyasachi mukherjee

Profession Business

28198 Points Posted on 13 June 2020

Its exempted in the hands of the assesse

Jit Hazra

36 Points Posted on 13 June 2020

Under which section?

PADMAKAR

CA

153 Points Posted on 13 June 2020

It is exempted under section 80p of income tax act

Jit Hazra

36 Points Posted on 13 June 2020

80P is for Co-operative Society not for an individual assessee.

PADMAKAR

CA

153 Points Posted on 13 June 2020

Yeah okay. it is taxable in the hands of individual assessee if the amount exceeds 100000. Irrespective of whether the amount is received from any entity..

Jit Hazra

36 Points Posted on 13 June 2020

Well, It's taxable as Income from Other Source u/s 56(2)(i), I think.

PADMAKAR

CA

153 Points Posted on 13 June 2020

But definitely remember the limit of 100000. within that limit it's not taxable I suppose so as per the relevant provisions of dividend chapter

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Taxability of dividend received from a co-operative society.

Jit Hazra

sabyasachi mukherjee

Jit Hazra

PADMAKAR

Jit Hazra

PADMAKAR

Jit Hazra

PADMAKAR

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Taxability of dividend received from a co-operative society.

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