banner_ad

Dividend related

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 June 2009 Hi,
Dividend of Ambuja Cement was declared on 18th Feb 09 but I received it on 9th Apr 2009. I know there is no tax on dividend but still I need to show the dividend amount in the income tax return form.
My question is:
The dividend was declared on F.Y. 2008-2009 but received on F.Y. 2009-2010. So in which F.Y. should I show this dividend.
Profile Image

Manmohan ACA, CS

Profile Image

Manmohan ACA, CS (Expert)
15 June 2009 Since it is income from other source, it will be taken According to method of accounting adopted by assessee
Profile Image

Deepak Goel

Profile Image

Deepak Goel (Expert)
15 June 2009 Dividend income can be taken as per receipt basis or depend on according to accounting method adopted by assessee.
Profile Image

CA Nitin Wadhwani

Profile Image

CA Nitin Wadhwani (Expert)
15 June 2009 In case of dividend, it does not depend upon the method of accounting since there is specific section is there.

Sec.8 governs the taxability of dividend.

Interim Dividend is taxable when it is received.

Final dividend is taxable in the year of AGM.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details