Comment on Tradetax for income tax returns when trading

kashinath commented on 12 Dec 2016, 08:58 PM

My CA has considered the dividend of Rs 1 lakh received as taxable in ITR4 of FY 2015-16 and this ITR4 has already been processed.. He says as per IT rules the scrip should not be sold 3months prior /after record date of dividend. I have argued that when the company has paid dividend distribution tax, the dividend should not be taxable in the hands of the invester/trader. But he has not agreed and filed returns considering dividend as taxable. Please clarify in the regard.

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