07 July 2011
Dividend received form the equity oriented mutual fund are exempt as per sec 10(34). Therefore dividend received on Equity linked Saving scheme are exempt from tax
Decide the ITR form based on other heads of Income.
Apart from the Dividend, If you receive only salary income - ten ITR - 1
If you receive salary along with the combination of capital gain (and/or) and house property income, then - ITR - 2
If you are in business or profession and if it is a partnership firm and earned income from such, then - ITR - 3
If you earn such business or profession income from sole proprietorship, then - ITR - 4
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