Naina (CA Student) (477 Points)
30 November 2008Hello everyone,
Can anyone please tell me that if the dividend for the year ending 31st March 2008 is received in November 2008. What will be its treatment and whether it will be shown in the return filed for A.Y. 2008-09 or in the return for A.Y. 2009-10?
CA Mohit Mohan
(c.a. profession)
(557 Points)
Replied 30 November 2008
EXEMPT U/S 10(34) if from indian COMPANY.
else taxable...
praveen
(Chartered Accountant)
(6971 Points)
Replied 30 November 2008
Dividend income is taxable on receipt i belive.
CA Abhash Mishra
(Chartered Accountants)
(598 Points)
Replied 01 December 2008
THE INCOME SHOULD BE SHOWN IN FY 2007-08,
| Originally posted by :Naina | ||
| " | Hello everyone, Can anyone please tell me that if the dividend for the year ending 31st March 2008 is received in November 2008. What will be its treatment and whether it will be shown in the return filed for A.Y. 2008-09 or in the return for A.Y. 2009-10? |
" |
ABHISHEK ADITYA
(CA Final 1st group cleared)
(213 Points)
Replied 01 December 2008
Where seventy five per cent of the share capital of any company is throughout the previous year beneficially held by an institution or fund established in India for a charitable purpose the income form dividend whereof is Exempt under section 11.
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