Forums › Deductions › Normal tax slab and deduction applicable on dividend income?
I have Rs. 11,00,000 Lac dividend income and no other income. Can I applicable for normal slab rate and can I apply 80C deduction.
As per sec. 115 BBDA sub. sec. (2), You will not be able to adjust/ deduct 80C investment against the dividend income exceeding Rs. 10L .
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