is defined under section 8 of Income Tax Act 1961.
Provision under this section is:
of Income Tax Act "Dividend income"
For the purposes of inclusion in the total income of an
(a) any dividend declared by a company or distributed or
paid by it within the meaning of sub-clause (a) or
sub-clause (b) or sub-clause (c) or sub-clause (d) or
sub-clause (e) of clause (22) of section 2 shall be deemed
to be the income of the previous year in which it is so
declared, distributed or paid, as the case may be ;