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Friday, November 29, 2013

Bursa Dummy: What is Warrant?

Bursa Dummy: What is Warrant?: Warrant gives its holder the right to buy a given quantity of the underlying shares at a predetermined price (exercise price) on or befor...

Friday, November 15, 2013

Investment Income Tax !

Is investment income taxable ? Be it stocks-dividend or rental income gain, both have its impact to your income tax. 

Dividend income
In general, people are under the impression that dividend income is not required to be reported in the tax return. This is only true provided the dividend income is tax exempt as in the case where the dividend that is received is either a single tier dividend or is paid out of the exempt profits of the dividend-paying company.
In the case where you received dividends where income tax has been deducted at source, such dividend income is taxable and consequently has to be declared in your income tax return.