Divdend income
Anil Kumar Singh (51 Points)
05 August 2021
Is dividend income taxable for AY 2021-22?
13 Replies
Mahesh Shah
(2335 Points)
Replied 06 August 2021
Also show, the quarter in which divident is recived for advance tax purpose
CA.Pujah
(Service)
(1005 Points)
Replied 06 August 2021
Yes dividend income is taxable in the hands of receiver now.
Rammohan
(NA)
(255 Points)
Replied 06 August 2021
Sir, since senior citizens are exempt from payment of advance tax, are they also exempt from providing quarterly details of dividend/capital gains etc. on their Tax Return? If there is a circular or other instructions on this, it would help if you could give its reference. Thank you.
Mahesh Shah
(2335 Points)
Replied 06 August 2021
I don't think as far as I belive, there is circular,...but portal MIGHT be taking calculations, as per age and gender of assessee.that is what I guss
Rammohan
(NA)
(255 Points)
Replied 06 August 2021
Thank you. If this is officially clarified early, it would be of help to senior citizens who would otherwise have to carry out thisl exercise that is avoidable in their case.
Akshay Agaldiviti
(-----)
(40 Points)
Replied 06 August 2021
It is taxable to all the assessee receiving dividend income
Ankit Neema
(2742 Points)
Replied 07 August 2021
There is no requirement to give quarterly details ,
i think income tax calculator is asking for quarterly information just to decide the calculation of interest under section 234C advance tax
i think income tax calculator is asking for quarterly information just to decide the calculation of interest under section 234C advance tax
prasanth
(ipcc)
(209 Points)
Replied 07 August 2021
Yes it is taxable, you must show your dividend income in Income from other sources column
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