Under the Income-tax Act, 1961, dividend derived from the shares held as stock-in-trade are taxable under the head

CS Executive · Tax Laws and Practice · PYQS · June 2015
Under the Income-tax Act, 1961, dividend derived from the shares held as stock-in-trade are taxable under the head
(A) Income from other sources
(B) Income from profits and gains of business or profession
(C) Capital gains
(D) Either capital gains or income from profits and gains of business or profession.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax

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