Under "Gross amount paid/credited to the account during the period", there is a pair of fields "Nature of amount" and "Amount".
Under "Nature of amount" there are multiple choices, like interest, dividend, sale proceeds, etc.
But there is only one field, we cannot add more than one field.
So if one got dividend on shares and also sold some shares, how would he declare?
The taxpayer should declae dividends and sale proceeds according to the categories specified in the tax laws (e.g.,"Income from Other Sources" for dividends and "Capital Gains" for sale proceeds). If the form does not allow for separate reporting, the tax payer should look for guidance from the tax authority on how to aggregate or report these amounts correctly.
That's a lot of words to say nothing.
CAclubindia
