From the financial year 2020-21, dividends on shares are now taken as income in my hands. So in Financial Year 2019-20, it’s the below para.
This is a change from the change made few years back when dividends on stocks that I got were not counted as income upto Rs.10 lac per year for me. If I got dividends on stocks in a year over that amount they were taxed at a lower rate of 10%. This was despite the dividend giver company paying a tax on paying out such dividend called dividend distribution tax, which now stands removed from 20-21 considering that dividends are taxed in my hands just like any other income.