Dividend on equity shares
This query is : Resolved
20 August 2014
Assessee is engaged in trading of shares & securities and profit for such trading business is chargeable to tax under the head profits & gains of business or profession.
Query:
1) Whether dividend earned on equity shares held for trading is business income or income from other sources.
2) Whether such dividend will be taxable if share trading is considered as business income considered as business income.
Query:
1) Whether dividend earned on equity shares held for trading is business income or income from other sources.
2) Whether such dividend will be taxable if share trading is considered as business income considered as business income.
20 August 2014
company declare the dividend after deposit the Tds . its tax free income in hand of recipient.
20 August 2014
Will it make any difference if the shares are treated as stock in trade of assessee who receives dividend on such shares
23 August 2014
no it doesn't make any difference whether such shares are part of stock-in-trade or capital asset. Dividend will always be considered as Income from other sources (though exempt if DDT is already paid by the company). please refer section 56(2)(i)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR-Capital Gain
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- Loss of interest in PF transfer from EPFO to Trust
- Residential status of non resident
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- IT returns for fresh job holders
- Query regarding reporting of exempt foreign remuneration in ITR
- GST ISD Query on various AMCs
- Gst reverse charge mechanism to be claimed in the month of payment
- Itr processing refund
- U/S 194 T
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
