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Dividend from co-operative society, Income Tax |
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Dividend from co-operative society |
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An assessee is receiving dividend from The Citizen Co-operative Society Ltd. Whether this income is taxable or exempt in the hands of the assessee. If exempt please refer relevant provision. Posts / Replies Showing Replies 1 to 5 of 5 Records Page: 1
Taxable in the hands of assesee
In my view, tax on dividend is already paid by the company before distribution of the dividend. Hence recipient of dividend need not have to pay tax. I welcome views of my collegue experts.
I endorse the views of Shri Ganeshan
We endorse the view of Mr. Kalyani.
According to my view, dividends is already taxed before it is received by the beneficiary no need to be taxed again. Page: 1 Old Query - New Comments are closed. |
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