dividend received

If the dividend or interest pertains to the shares or debentures in which he's dealing (doing business), then it will be treated as Business Income.

The limit of 10lakhs is applicable if it is received by Individual, huf or firm i.e. if the form of organisation of the individual is other than proprietary concern of firm or huf, then everything is exempt subject to dividend being dividend from Indian companies.

If the dividend or interest pertains to personal investments, then IFOS

Sorry @ pranya ji, dividend recd (whether as investments or in course of business ) is always taxable under IFOS.
But incase of interest, if it is received in course of business, taxable under PGBP;
& otherwise as IFOS.