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Prasad Hegde   27 July 2021

Tax on Dividends for Individual

Hello Professionals,
I've received the Dividend of Rs 60k from the shares which I've invested. Whether this amount is taxable or can i get a exemption u/s 10(34) or 115BBDA.... Please confirm.


 2 Replies

prasad Nilugal

prasad Nilugal   27 July 2021

Section 10(34) which provide exemption to the share holders has been withdrawn , Thus dividend received during F.Y 20-21 and on wards now  taxable in the hands of Shareholders , Consequently  section 115BBDA  has no  relevance .Amount  received  as dividend  income now  will be taxable in the hands of Shareholders .

1 Like
Harsh Khemchandani

Harsh Khemchandani   27 July 2021

Yes it is taxable as normal income in other sources
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