Is divided is taxable under business income if the main business is buying and selling of shares , investing, trading etc ?
Replies (4)
Quick Summary
This discussion explores whether dividends received from share trading and investment activities should be classified and taxed under the head of 'business income'. While dividends are generally taxable income for the recipient, the specific query focuses on their treatment when the primary business involves buying and selling shares, investing, and trading. Real-time scenarios are sought to clarify this nuanced tax question.
Pls post real time scenarios. Question is whether dividend can be considered as income- provided you invest in stocks and securities. The income accruing to it is dividend.