ITR2 - Small query... request for clarification

ITR 482 views 3 replies

What is the difference between these sections as listed below
  Sch OS 1.a = Dividens, gross   <===>  EI 2 = Divident income
  Sch OS 1.b = Interest, gross   <===>   EI 1 = Interest income
 
Kindly someone clarify my doubt.

Thanks

Replies (3)

Please someone clarify my doubt.  Thanks

Ei is exempted income. Int from fd is os income. From ppf it is ei income. Similarly dividend from listed cos are exempt and come under ei dividend. Other co dividend will be taxable dividend income. Hope now it clear

1) OS --> other source a) interest --> int from FD, int from bonds, NCD etc

                                   b) Dividends --> Dividends from unlisted Cos

2) EI--> Exempt income a) Interest --> int from PPF, EPF, Tax free bond etc.

                                    b) Dividends--> div from listed Cos on recognised stock exchanges

I hope this is crystal clear.


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