Ms. Anshureceived dividend of ₹ 80,000 for her equity shareholding in MNO Ltd. (a listed company). She paid interest of ₹ 12,500 for the amounts borrowed for investment in those shares. The taxable dividend income would be:
A. ₹ 80,000
B. Nil
C. ₹ 67,500
D. ₹ 92,500
Answer:B
Ms. Anshureceived dividend of ₹ 80,000 for her equity shareholding in MNO Ltd. (a listed company). She paid interest of ₹ 12,500 for the amounts borrowed for investment in those shares. The taxable dividend income would be:
A. ₹ 80,000 B. Nil C. ₹ 67,500 D. ₹ 92,500