Here we will see Section 8 of The Income Tax Act.
Dividend income.— For the purposes of inclusion in the total income of an assessee,—
a) any dividend declared by a company or distributed or paid by it within the meaning of sub–clause (a) or sub–clause (b) or sub–clause (c) or sub–clause (d) or sub–clause (e) of clause (22) of section 2 shall be deemed to be the income of the previous year in which it is so declared, distributed or paid, as the case may be;
(b) any interim dividend shall be deemed to be the income of the previous year in which the amount of such dividend is unconditionally made available by the company to the member who is entitled to it.
Check latest offer Price on Amazon. Buy at Amazon!*
Check latest offer Price on Amazon. Buy at Amazon!*
Check latest offer Price on Amazon. Buy at Amazon!*
Please note that our content may include affiliate links. When you make a purchase using these links,we (Advgyan and/or the publisher) may receive a commission,which helps support us.
Note: We're not perfect, but we're trying our best. Please let us know with evidence if you need any corrections to this article or post, and we will be happy to make the necessary corrections.
About Author: I am Varun Kumar Jha, founder and author of this website. I am a passionate writer and researcher with a keen interest in law, technologies and gadgets. I strive to provide informative and engaging content that helps my readers learn and grow. I am always looking for new ways to share my knowledge and insights with others. Important Websites : Law and Justice | Supreme Court of India | TCN
Note: We're not perfect, but we're trying our best. Please let us know with evidence if you need any corrections to this article or post, and we will be happy to make the necessary corrections.
About Author: I am Varun Kumar Jha, founder and author of this website. I am a passionate writer and researcher with a keen interest in law, technologies and gadgets. I strive to provide informative and engaging content that helps my readers learn and grow. I am always looking for new ways to share my knowledge and insights with others. Important Websites : Law and Justice | Supreme Court of India | TCN