Equity dividend and mutual fund dividends
This query is : Resolved
26 February 2020
Considering that next financial year, all dividends will be included under taxable income, for the financial year 2019-20 (AY 2020-21), whether all equity dividends, mutual fund dividends declared with ex-date till 31.03.2020 can be added as current year income? ( on accrual basis) or to be accounted only on receipt?
Thanks
Thanks
26 February 2020
In my view:
If the assessee is following arrual system of accounting(generally accrual system is followed leaving professionals, etc), then the dividend, mutual fund income etc would be calculated till 31.3.2020(in your case).
If the assessee is following arrual system of accounting(generally accrual system is followed leaving professionals, etc), then the dividend, mutual fund income etc would be calculated till 31.3.2020(in your case).
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