Dividend received
This query is : Resolved
07 August 2018
One of my friend has received Rs.14,00,000/- as dividend from Mutual fund and another Rs.12,00,000/- dividend from Equity shares. What is the maximum deduction we can claim u/s 10 of the I.T.Act. Kindly clarify dividend received from Mutual funds are fully exempted?
07 August 2018
16,00,000
Dividend from MF is tax free.
Dividend from MF is tax free.
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