Dividend Income In ITR

This discussion clarifies that dividend income, even a small amount like £15K, must be declared in your Income Tax Return (ITR) from FY 20-21 onwards. If you've already filed your ITR without declaring it, revising the return is recommended. However, if dividend income is your only income and it falls below the basic exemption limit, the tax authorities might not pursue it, but revising is still the safest approach.