01 October 2017
10(23D) is for exemption of income.......income from mutual funds registered under SEBI.... What is your concern about STT, can you please elaborate?
01 October 2017
My client has an income from Reliance mutual fund.I have treated it as an exempt income u/s 10(23D).But my friend suggested that we need to verify wether STT is also paid inorder for exemption.That confused me.Thanks for the reply.
02 October 2017
the question of STT creeps in when the units of mutual funds are sold and at the time of sale whether or not STT paid. While claiming exemption for income from mutual fund, the condition to be satisfied is as said in my earlier reply.
CAclubindia
