I have received dividend income from Companies. Which ITR form should I submit. FY 2010-11
Rajnikant Vadigoppula (CA, CS And CMA Final) 15 June 2011
dividend from indian company is exempt from tax
Surendra Agarwal (MANAGER FINANCE AND BUSINESS PLANNIN) 15 June 2011
Shruthi (PCC Student) 15 June 2011
Don't worry about dividend receipt. it is fully exempt. Decide the ITR form based on other heads of Income.
Apart from the Dividend, If you receive only salary income - ten ITR - 1
If you receive salary along with the combination of capital gain (and/or) and house property income, then - ITR - 2
If you are in business or profession and if it is a partnership firm and earned income from such, then - ITR - 3
If you earn such business or profession income from sole proprietorship, then - ITR - 4
Mohammad Asif (chartered accountant) 15 June 2011
dividends but exluding dividends U/S 2(22e) is fully exempt from tax beceause of payment of dividend distribution tax by companies under section 115(o)
Shiv Shankar (Accountant) 15 June 2011
YES, DIVIDEND RECEIVED FROM ANY INDIAN COMPANY IS FULLY EXAMPT FROM TAX
CA,CMA,CS Karan Gogia (Employed) 16 June 2011
my suggestion to above commenters...
u all r rite that dividend is exempt ..and C.D.T is paid by company..
but don't say this that divident is exempt because C.D.T is paid by company...there is no such combination....it is created by our tutors...
if u go into deep provisions of divident by mutual fund...u come to know th above linking is not good...
@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) 18 June 2011
dividend received from indian company is exempt from tax..