Easy Office
LCI Learning

Dividend Reinvested Income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 June 2011 Dear Sir,

I wanted to know dividend reinvested with Mutual Fund, is it income or investment? if it is income then is it taxable or not?

Kindly clarify this....

Thanking You,
Profile Image

CA KRISHNA KUMAR DARUKA

Profile Image

CA KRISHNA KUMAR DARUKA (Expert)
16 June 2011 It is both income and Investment. Entry in books of acconuts is as follows:

Dr Investment in Mutual Fund a/c
Cr Dividend from mutual funds a/c

Any dividend received from mutual fund whether in cash or reinvested is exempt from income tax.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links