Dividend income year

This discussion clarifies which dividend income is taxable for the current assessment year (AY 2023-24). It addresses confusion arising from the term 'previous year' in tax law, specifically regarding dividends received between April 1, 2022, and March 31, 2023. The consensus is that dividends for FY 21-22 received during this period, and interim dividends for FY 22-23 received within the same timeframe, are taxable in AY 2023-24. Dividends for FY 22-23 received after April 1, 2023, will be taxable in the next assessment year.