Share dividend treatment

Hello All

  1. My wife is a homemaker, does NOT have any salaried jobs
  2. She received during 2015-2016 TOTAL DIVIDEND Rs 828 from different shares which she purchased during 2010-2011.
  3. If her income is LESS than Rs 2, 60,000 for 2015-2016, then NO NEED to file IT return and thereby disclosing above DIVIDEND will NOT take place. (my understanding is right or wrong)
  4. If her income more than Rs 2, 60,000, then we MUST file IT return. (my understanding is right or wrong)
  5. During such filing WHERE (point number pls) she should show above DIVIDEND in IT return?
  6. What would be TAX or Treatment of this DIVIDEND Rs828?

Please ANSWER points 3,4,5,6

Adv Thanks

               Cheers

               Balaji Subbu

Replies (4)
If her income is LESS than Rs 2, 60,000 for 2015-2016, then NO NEED to file IT return and thereby disclosing above DIVIDEND will NOT take place.
Income is more than 2.5 lakhs, return is mandatory to be filed.

 

 


 

During such filing WHERE (point number pls) she should show above DIVIDEND in IT return? What would be TAX or Treatment of this DIVIDEND Rs 828?
 
Dividend received from an Indian company which has suffered dividend distribution
tax is exempt from tax under section 10(34) otherwise it is taxable

Hi Dinesh

 

What about point number 5 and 6, kindly answer

 

cheers

Balaji Subbu

During such filing WHERE (point number pls) she should show above DIVIDEND in IT return? What would be TAX or Treatment of this DIVIDEND Rs 828?

As described above, if it is exempt under section 10, then show it in Return as exempt income
and if it is taxable then consider it as income from other sources

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details