Share dividend treatment

Balaji Subbu (SAP FICO) (220 Points)

04 August 2016  

Hello All

  1. My wife is a homemaker, does NOT have any salaried jobs
  2. She received during 2015-2016 TOTAL DIVIDEND Rs 828 from different shares which she purchased during 2010-2011.
  3. If her income is LESS than Rs 2, 60,000 for 2015-2016, then NO NEED to file IT return and thereby disclosing above DIVIDEND will NOT take place. (my understanding is right or wrong)
  4. If her income more than Rs 2, 60,000, then we MUST file IT return. (my understanding is right or wrong)
  5. During such filing WHERE (point number pls) she should show above DIVIDEND in IT return?
  6. What would be TAX or Treatment of this DIVIDEND Rs828?

Please ANSWER points 3,4,5,6

Adv Thanks

               Cheers

               Balaji Subbu