rebates on bank interest & divident in ay 06-07?

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rebates on bank interest & divident in ay 06-07?

2007-03-23 16:26:02 · 2 answers · asked by Kamal Agrawal 1 in Business & Finance ➔ Taxes ➔ India

2 answers

No special rebate in bank interest for the assessment year 2006-07 and is treated as other income in computation of your total income. Dividends on shares are totally tax exempt in the hands of recipient.

2007-03-23 17:25:03 · answer #1 · answered by helpaneed 7 · 1⤊ 0⤋

Bank interest - fully taxable

Dividend - fully exempt

2007-03-27 03:10:04 · answer #2 · answered by Santosh 3 · 0⤊ 0⤋