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Renjith (Asst. Manager Accounts & Administration)     15 June 2011

Dividend Income from Companies

I  have received dividend income  from Companies. Which ITR form should I submit. FY 2010-11



 13 Replies

Rajnikant Vadigoppula

Rajnikant Vadigoppula (CA, CS And CMA Final)     15 June 2011

dividend from indian company is exempt from tax

Surendra Agarwal

Surendra Agarwal (MANAGER FINANCE AND BUSINESS PLANNIN)     15 June 2011

No one,dividend execpt u/s 2(22e) is exempt in hends of receiver since D.D.T. Is to paid by company u/s115(o)
CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     15 June 2011

yes dividend received from indian co. is exempted 

Shruthi

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

1 Like
CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)     15 June 2011

Originally posted by : Surendra Agarwal
No one,dividend execpt u/s 2(22e) is exempt in hends of receiver since D.D.T. Is to paid by company u/s115(o)

AGRRED.

Mohammad Asif

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)

krishna

krishna (ipcc)     15 June 2011

yes agreed with asif...

gud clarification shruthi

Shiv Shankar

Shiv Shankar (Accountant)     15 June 2011

YES, DIVIDEND RECEIVED FROM ANY INDIAN COMPANY IS FULLY EXAMPT FROM TAX

khanna

khanna (CA FINAL ICWAI FINAL)     16 June 2011

agreed

CA,CMA,CS Karan Gogia

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. *

@*CS Siddharth Bumb. * (B.Com, CA Final, CS )     18 June 2011

dividend received from indian company is exempt from tax..

CA MAYANK WADHERA

CA MAYANK WADHERA (CA CS CMA(I))     19 June 2011

correctly said by aggrawal ji

shankar

shankar (CA, CS Final)     07 July 2012

Agreed

Sec. 115(O)

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