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As an individual, Dividend received in your hands are exempt from tax. You need not pay any tax for the dividend redeived.
However, few clarifications will enlight your tax obligations.
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Name |
Nat.... |
Tax Implication |
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Equity Dividend.
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Divide from Mutual funds.
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Equity dividend paid by a co u/s 1150
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Paid u/s 2(22)(e)
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Exempt
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Taxable as oter source.
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Exempt
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Dividend stripping |
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taxable |
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Dividend for chitfund |
foreign ..... |
Taxable |
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Generally dividend incomes are clubbed under income from other sources. If you are in high tax bracket, then ......
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