Is Dividend From Cooperative Society Exempt?

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Dividend is commonly perceived to be tax free in India . However  as per the Income Tax Act this is not the case . Only specific type of dividend , out of many types described u/s 2(22) of the Income tax Act is tax free. One reader Shrivallabh Randad , of Pune has asked following…

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Tags: Exemption society taxable

The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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