Question

in what way dividend is different from any other income source​

Answer 1

Answer:

Dividend received from a foreign company is taxable. It will be charged to tax under the head “income from other sources.” Dividend received from a foreign company will be included in the total income of the taxpayer and will be charged to tax at the rates applicable to the taxpayer.

Answer 2

Answer:

Step-by-step explanation:

Dividend income is paid out of the profits of a corporation to the stockholders. It is considered income for that tax year rather than a capital gain. However, the U.S. federal government taxes qualified dividends as capital gains instead of income.