Question

Which of the following incomes is fully exempt under Section 10 of the Income Tax Act?

Q: Answer-Which of the following incomes is fully exempt under Section 10 of the Income Tax Act?

As per Section 1034, dividend income from a domestic company is exempt in the hands of the shareholder, as the company pays Dividend Distribution Tax DDT. However, the law is subject to change always check the latest Finance Act.

A Dividend Income from a Domestic Company

B Income from House Property

C Long-term Capital Gains on Equity Shares

D Winning from Lottery

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Which of the following incomes is fully exempt under Section 10 of the Income Tax Act?

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