Sakitram (NA) (189 Points)
31 August 2015What is the difference between these sections as listed below
Sch OS 1.a = Dividens, gross <===> EI 2 = Divident income
Sch OS 1.b = Interest, gross <===> EI 1 = Interest income
Kindly someone clarify my doubt.
Thanks
raghavan
(self)
(611 Points)
Replied 31 August 2015
S. Shiroor
(Others)
(1207 Points)
Replied 31 August 2015
1) OS --> other source a) interest --> int from FD, int from bonds, NCD etc
b) Dividends --> Dividends from unlisted Cos
2) EI--> Exempt income a) Interest --> int from PPF, EPF, Tax free bond etc.
b) Dividends--> div from listed Cos on recognised stock exchanges
I hope this is crystal clear.
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