Tax on dividend income from ''Employees Co-Operative credit society".

Dear Sir, I received a dividend income from our ''Employees Co-Operative credit society". Total dividend value is Rs 11000. Do i need to pay tax on this value of dividend income?

asked Sep 10 '19 at 14:22 by Ratnadeep71 612


Yes, such dividend income from co-operative society would be taxable for you and will be added to your taxable income.

answered Sep 10 '19 at 16:07 by Pankaj Batra 5.2k320

Thanks for the response. Shall i include this in income from other sources?
(Sep 10 '19 at 16:12) Ratnadeep71
yes, it would be added to income from other sources
(Sep 10 '19 at 16:14) Pankaj Batra

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Asked: Sep 10 '19 at 14:22

Seen: 1,169 times

Last updated: Sep 10 '19 at 16:14