dividend from Mutual funds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2011
Are dividends from all kinds of Mututal funds exempt under income tax Act?
Please provide the answer ny mentioning section also.
Please provide the answer ny mentioning section also.
10 May 2011
Sec. 10(35) of Income tax Act, specifically exempts any income received in respect of units of mutual funds specified under clause 10(23D).
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