I have received dividend income from Companies. Which ITR form should I submit. FY 2010-11
Dividend Income from Companies
Renjith (Asst. Manager Accounts & Administration) (87 Points)
15 June 2011
13 Replies
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 15 June 2011
dividend from indian company is exempt from tax
Surendra Agarwal
(MANAGER FINANCE AND BUSINESS PLANNIN)
(289 Points)
Replied 15 June 2011
No one,dividend execpt u/s 2(22e)
is exempt in hends of receiver since D.D.T. Is to paid by company u/s115(o)
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 15 June 2011
yes dividend received from indian co. is exempted
Shruthi
(PCC Student)
(111 Points)
Replied 15 June 2011
Don't worry about dividend receipt. it is fully exempt. Decide the ITR form based on other heads of Income.
Apart from the Dividend, If you receive only salary income - ten ITR - 1
If you receive salary along with the combination of capital gain (and/or) and house property income, then - ITR - 2
If you are in business or profession and if it is a partnership firm and earned income from such, then - ITR - 3
If you earn such business or profession income from sole proprietorship, then - ITR - 4
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 15 June 2011
| Originally posted by : Surendra Agarwal | ||
 |
No one,dividend execpt u/s 2(22e) is exempt in hends of receiver since D.D.T. Is to paid by company u/s115(o) |
 |
AGRRED.
Mohammad Asif
(chartered accountant)
(191 Points)
Replied 15 June 2011
dividends but exluding dividends U/S 2(22e) is fully exempt from tax beceause of payment of dividend distribution tax by companies under section 115(o)
Shiv Shankar
(Accountant)
(78 Points)
Replied 15 June 2011
YES, DIVIDEND RECEIVED FROM ANY INDIAN COMPANY IS FULLY EXAMPT FROM TAX
CA,CMA,CS Karan Gogia
(Employed)
(230 Points)
Replied 16 June 2011
my suggestion to above commenters...
u all r rite that dividend is exempt ..and C.D.T is paid by company..
but don't say this that divident is exempt because C.D.T is paid by company...there is no such combination....it is created by our tutors...
if u go into deep provisions of divident by mutual fund...u come to know th above linking is not good...
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 18 June 2011
dividend received from indian company is exempt from tax..
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