Interim dividend

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Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2014 Can anyone please tell me Interim Dividend is shown under which head of Income and it is exempt under which section..!!!???

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 July 2014 Dividend is Income from other sources and exempt from Tax u/s 10(34). In ITR it needs to be shown in Exempted income Sheet only.

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Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2014 Sir are you sure, is it exempt u/s 10(34) or 10(35)...!!??

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 July 2014 Yes its u/s 10(34). Confirm yourself from below link--

https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=187ab597-c40c-44d7-bed1-597b4ba0bd4b&rdb=sec&yr=303d6389-2d18-4432-bdbf-b74822b1a6df&sec=&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

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Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2014 Thank you so much for your confirmation sir :)

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