An assessee received dividend (including interest at 12% p.a.) which was unclaimed after transfer to Dividend unpaid Account but before transfered to Investor Protection & Education Fund Account after 3 year from the date of declaration of dividend. My problem is that what whole of dividend (including interest) is exempt from tax ?
I THINK THE DIVIDEND INCOME IS EXEMPTED U/S 10(34),
BUT INTREST RECEIVED WILL BE A INCOME AND ASSESEE IS LIABLE TO PAY TAX REGARDING IT
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