Dividend from Equity Shares AY 2021-22

ITR Filing 631 views 7 replies
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CONSULTING
1320 Points Posted on 12 August 2021

AY 2021-22

EFiling ITR2, I have Dividend income from listed equity stocks of Rs 5300 during FY 2020-21.

Question 1) Is Rs 5300 dividend taxable or tax free?

Question 2) If this dividend tax free, where to report in ITR2?

Question 3) if this dividend is taxable, where to report in ITR2?

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On 12 August 2021 at 13:21 Report
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1236 Points Posted on 12 August 2021
Taxable . Report in OS sch under Dividend income.
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On 12 August 2021 at 13:54
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CONSULTING
1320 Points Posted on 12 August 2021

But I believe the dividend from listed stocks was suppose to be tax free?

Or upto some amount this is tax free? And after a certain amount it gets taxable?

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On 12 August 2021 at 16:15
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1236 Points Posted on 12 August 2021
Last budget changed the way dividend is taxed!
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On 12 August 2021 at 18:09
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2742 Points Posted on 12 August 2021
Yes , now the dividend is fully taxable
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On 12 August 2021 at 19:38
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Chartered Accountant
24588 Points Posted on 12 August 2021
It is taxable under income from other sources
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On 12 August 2021 at 19:59
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Deputy Manager-Taxation
47 Points Posted on 14 August 2021
If any indian citizen receives the dividend from a domestic company more than Rs 5000 ,company will deduct TDS @ 10% on such payment ,so we need to show under the head income from other sources
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On 14 August 2021 at 03:17
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1236 Points Posted on 14 August 2021
Yes under dividend of OS sch .If eligible claim TDS deducted in TDS sch with entries taken from Form 26AS!
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On 14 August 2021 at 10:24


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