Dividend can be considered as Business Income ?
This query is : Resolved
Roshan khaneka
(Querist)
11 September 2020
Now from 01 April 2020 , dividend is taxable in the hands of shareholders/unit holders. So can we considered "dividend income" as business income for investment company ? We treat FD interest as business income due to nature of company , same way can we considered dividend income as business income.
CA R SEETHARAMAN
(Expert)
11 September 2020
Yes, for investment companies dividend can be considered as business income.
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