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Dividend taxability?

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 November 2011 is dividend received from NKGSB cO-OP BANK ,taxable?
if no then under which section?
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
13 November 2011 This dividend is taxable.
It is chargeable to tax under INCOME FROM OTHER SOURCE.
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
13 November 2011 Always check whether payer is paying DDT...if answer in negative then always it is taxable in hand of payee.....since one have to pay tax among payer and payee..
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