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Is all dividend income received by one corporation from an investment in the common and preferred stock of another corporation is excluded from taxation?
Wiki User
∙ 12y ago
U/s 10(34) of income tax, dividend mentioned u/s 115o are exempt from payment of income tax thereon.
section 115o includes both preferred and equity dividend RECEIVED FROM INDIAN COMPANY.
Wiki User
∙ 12y ago
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