If receiving Dividend which ITR form should be filled?

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A senior citizen, typically filing ITR-1 with interest income, received a small dividend from a domestic company. They are seeking advice on whether to continue using ITR-1 or switch to ITR-2, especially to claim TDS deducted on the dividend. The consensus is that ITR-1 can still be used, and the dividend income should be declared under 'Any Other' income in Section B.

Cs26kit

Cs26kit (Querist)

10 May 2021 Hello,

If a senior citizen, who normally files ITR-1, & whose primary source of income is interest income on Fixed Deposits receives Dividend (less than Rs. 10,000) from domestic company this year then which form should he fill? ITR-1 or ITR-2?
(He has not sold or diluted his equity & has earned no capital gain).

Also, TDS deduction on the said dividend has to be claimed.

Your advise is highly appreciated.
Thank you.
CS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

10 May 2021 Continue to file ITR 1.

Message likes : 1 times

Cs26kit

Cs26kit (Querist)

10 May 2021 Seetharaman Sir, thank you. Should the Dividend income be filed in ITR-1 Section B :: B3 :: Nature of Income -> Any Other -> "Dividend"?
Will that be enough to claim the TDS refund on Dividend in ITR-1?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

10 May 2021 Yes, you are right.......

Message likes : 1 times

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