Mr. Suyash, an individual received dividend of ₹15,00,000 as dividend income from listed domestic company for the Assessment Year 2021-22. What is the dividend amount chargeable to tax:

CS Executive · Tax Laws and Practice · PYQS · December 2021
Mr. Suyash, an individual received dividend of ₹15,00,000 as dividend income from listed domestic company for the Assessment Year 2021-22. What is the dividend amount chargeable to tax:
(A) ₹5,00,000
(B) ₹10,00,000
(C) ₹15,00,000
(D) All dividend amount received by assessee is exempt from tax.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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