Dividend related
This query is : Resolved
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.
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.
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
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.
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.
Sec.8 governs the taxability of dividend.
Interim Dividend is taxable when it is received.
Final dividend is taxable in the year of AGM.
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