Accounting group of Dividend receivable

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Daya (Querist)
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19 November 2023 what is accounting group of Dividend receivable as per scheduled III of companies act.

CA R SEETHARAMAN (Expert)
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20 November 2023 It's current assets.
Dividend accounted on receipt basis.

Daya (Querist)
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20 November 2023 sir,
is dividend taxable on receipt basis only?

CA R SEETHARAMAN (Expert)
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20 November 2023 Yes it's taxable on receipt basis.

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