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Tax on Dividends for Individual

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Prasad Hegde

40 Points Posted on 27 July 2021

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.

Replies (2)

Quick Summary

This discussion clarifies the taxability of dividends received by individuals in India. Following the withdrawal of Section 10(34), dividends received from FY 20-21 onwards are now taxable in the hands of shareholders. Section 115BBDA is no longer relevant, and dividend income is treated as taxable income under 'other sources'.

prasad Nilugal

3924 Points Posted on 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Section 10(34) which provide exemption to the share holders has been withdrawn , Thus dividend received during F.Y 20-21 and on wards now taxable in the hands of Shareholders , Consequently section 115BBDA has no relevance .Amount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 .