Explain briefly the exemption from income-tax available in the case of dividend income received from an indian company
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Explanation:
As per section 10(34) of Income Tax Act, any income received by an individual/HUF as dividend from an Indian company is exempt from tax as the company declaring such dividend has already deducted dividend distribution tax before paying the dividend.
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it is exemption from income tax available in the cases dividend income received from an Indian company........
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