Tax paid on proposed dividened

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Nitesh (Querist)
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31 May 2013 If a company proposed dividend in F.Y 2011-12 and after AGM such dividend has been decleared to distribute then let me know that Tax on such dividend belongs to which F.Y . 2011-12 or 2012-13.

Pls help...

Nitesh

Nitesh (Querist)
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31 May 2013 Pls help someome....

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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26 July 2025 For tax purposes in India, **dividend income is taxable in the year in which it is actually received or credited to the shareholder's account**, not when it is proposed or declared.

So, if the company **proposed** the dividend in FY 2011-12 but actually **declared and distributed it after the AGM in FY 2012-13**, then the tax on that dividend income will belong to **FY 2012-13**.

### Summary:

* Dividend proposed in FY 2011-12 — **Not taxable in FY 2011-12**
* Dividend declared and distributed in FY 2012-13 — **Taxable in FY 2012-13**

If you have more questions about dividend tax or related filings, feel free to ask!

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