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Mohanraj J   24 July 2021

Dividend Income In ITR

Dear Friends,

We need to show Dividend Income in ITR? I received just 15K in the FY 20-21.


 5 Replies

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     24 July 2021

Yes, it has to be disclosed and it is taxable from fy20-21 onwards.

Mohanraj J

Mohanraj J   24 July 2021

OMG I filed ITR2 without showing this. There is no any other income for the FY 20 21. Do I need to revise return? else will leave it
CMA Poornima Madhava

CMA Poornima Madhava (CMA)     24 July 2021

Yes, actually it has to be revised.

However, if there is no other income, then technically there is no revenue loss to the govt considering the basic exemption limit. So we may take advantage of this i think. You may wait for the summary assessment and  then decide I think.

1 Like
Mohanraj J

Mohanraj J   24 July 2021

Thank u so much Madam
1 Like
Sourav

Sourav (Student)     25 July 2021

Agree with poornima

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