Deferred Tax on dividend receivable

renuka (Student) (480 Points)

25 June 2019  
Management has recognized a dividend receivable of Rs. 1 lac from wholly owned subsidiary in a single set of financial statements. The dividend is not taxable.

In such case, shouldn't tax base be taken as NIL given that dividend income is non-taxable? In the book I'm referring, tax base taken as 1 lac so temporary difference is NIL.

Please resolve