Dividend Income

This query is : Resolved 

09 July 2008 I have received dividend on 19.06.2008 from a Domestic company as a share holder amount of Rs.1,15,000/- for the period 2006-07 chequed dated 01.01.2008.
Please tell me that the dividend income should be recognised for which year ?

09 July 2008 when you received dividend it is taxaable on that year because you dont know the in which rate or how much dividend is declared

09 July 2008 On receipt basis you have to consider your income


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