Taxability of Dividend Income from Shares held as Stock In Trade

This discussion explores the tax treatment of dividend income derived from shares held as stock-in-trade. It questions whether such income should be reported under the 'Profits and Gains of Business or Profession' (PGBP) or 'Income from Other Sources' (IFOS) head. The prevailing view suggests it should be taxed under PGBP, with a mention of a potential threshold limit of Rs. 10 lacs per year.