Sec 8 of IT Act creates confusion because of use of 'previous year'. Can you kindly tell which of these dividend incomes will be taxable in the current assessment year (AY 2023-24) for which we are submitting ITR right now:
a- div for fy 21-22: received between 1/4/2022 and 31/3/2023
b- div for fy 22-23 received between 1/4/2022 and 31/3/2023 (=interim div for 22-23)
c- div for fy 22-23 received after 1/4/2023
Thanks in advance and regards!
Abhilash Sir,
In that case, I can include all the dividend received (either as interim for the same year or final for the prev year) in my bank (of course, considering that it will be less by the amount of TDS ).
The confusion arises bec
- my bank has received nearly 50k (after adjusting for TDS)
- 26AS and AIS (first part) has nearly 45k
-AIS (second part- information provided) has nearly 60k.
So, I should go with the first one, I suppose.
SKAA & Associates
New Delhi
CA Inter
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