Dividend on shares & interest on ppf -taxable or exempt ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2018
SIR/MADAM,
(1)
In FY 2017-18, An individual has purchased some shares of a company, on delivery basis.
He has received dividend of Rs. 700 (credited in bank a/c) in FY 2017-18.
He has not sold the shares yet. He is holding them till the current date.
Is this dividend taxable for FY 2017-18 ?
Will he have to show the dividend as income in the IncomeTax return ?
If yes, where to show it ? Under which head ?
And which ITR form to use ?
(2)
Interest credited in a PPF A/c in bank, , by entry in its passbook - Taxable or Exempt??
Is it to be shown in income tax return?
If yes, where to show ? Under which head ?
PLEASE, SHARE YOUR GUIDANCE. THANKS .
(1)
In FY 2017-18, An individual has purchased some shares of a company, on delivery basis.
He has received dividend of Rs. 700 (credited in bank a/c) in FY 2017-18.
He has not sold the shares yet. He is holding them till the current date.
Is this dividend taxable for FY 2017-18 ?
Will he have to show the dividend as income in the IncomeTax return ?
If yes, where to show it ? Under which head ?
And which ITR form to use ?
(2)
Interest credited in a PPF A/c in bank, , by entry in its passbook - Taxable or Exempt??
Is it to be shown in income tax return?
If yes, where to show ? Under which head ?
PLEASE, SHARE YOUR GUIDANCE. THANKS .
09 June 2018
1) exempted u/s 10(34)
2) exempted u/s 10(11)
Both to show in the column of 'exempted income' in ITR.
2) exempted u/s 10(11)
Both to show in the column of 'exempted income' in ITR.
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