Is dividend on mutual fund full exempt from tax
This query is : Resolved
14 September 2017
A Pvt Ltd Co. Having Dividend income from Mutual Fund of Rs. 11 lacs. is whole amount exempt from tax.
14 September 2017
Yes. Dividend received from Mutual fund investment in excess of Rs.10 lacs will be taxable in the hands of the investor. This tax is apart from the Dividend distribution tax that the mutual fund pays when it declares the dividend
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