Divident from MF debt funds
This query is : Resolved
24 July 2011
Dear sir,
i have dividend from MF debt fund. its taxable or not?
i have dividend from MF debt fund. its taxable or not?
24 July 2011
No Divident if free form tax if it is received from Indian CO & no diffrence even if it is paid by mutual fund house.
Indian co. who distributes divident are liable to pay DDT on dividend distributed u/s 115-O.
so DDT amount paid dividend is exempt from tax.
you just need to pay tax on transfer of such mutual funds.
Indian co. who distributes divident are liable to pay DDT on dividend distributed u/s 115-O.
so DDT amount paid dividend is exempt from tax.
you just need to pay tax on transfer of such mutual funds.
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