Dividend income

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How to fill dividend income exceeding ten lakhs in ITR 3
Replies (4)

As Dhirajlal sir said in one of the similar queries he answered, The Income has to be mentioned in the heading 5 Others, including exempt income of minor child
 

Schedule OS - Income from other sources

1 Income  
  a Dividends, Gross 1a  
b Interest, Gross 1b  
c Rental income from machinery, plants, buildings, etc., Gross 1c  
d Others, Gross (excluding income from owning race horses)Mention the nature
 
S. No.   Nature Income
1      Winnings from lotteries, crossword puzzles etc.   
2     (a) Cash credits u/s 68  
     (b) Unexplained investments u/s 69  
     (c) Unexplained money etc. u/s 69A  
     (d) Undisclosed investments etc. u/s 69B  
      (e) Unexplained expenditurte etc. u/s 69C  
     (f) Amount borrowed or repaid on hundi u/s 69D  
     Total ( a + b + c + d + e + f)  
3    115BBDA -Tax on certain dividends received from domestic companies 100
alt del
  Total (1di + 1dii+ 1diii)  
e Total (1a + 1b + 1c + 1d) 1e  
f Income included in '1e' chargeable to tax at special rate (to be taken to schedule SI)  
  i Income by way of winnings from lotteries, crossword puzzles, races, games, gambling, betting etc (u/s 115BB)  1fi  
ii Dividend Income from domestic company that exceeds Rs.10 Lakh (u/s 115BBDA) 1fii
     
@ Dear Karan Batra.,
You are exactly correct....
Originally posted by : Vijay
How to fill dividend income exceeding ten lakhs in ITR 3

 

Dividend income exceeding ten lakhs !!!!!!!!!!!!!!!!!

Query not complete................. whether from Mutual fund or domestic company ???????????

The answer my collegues have suggested is true in case of Mutual funds.

For domestic companies any dividend above 10 lakhs is taxable u/s. 115BBDA....... and is to be offered for taxation under 'Income From Other Sources' as shown above.......

Refer: section-115bbda-taxation-dividend-income-nutshell


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