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Income from mutual funds

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(Querist)
05 December 2012 Is income from Mutual funds is taxable or not ???
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Pankaj Gupta

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Pankaj Gupta (Expert)
05 December 2012 Not all but the income of the following mutual funds shall be exempt from tax under section 10(23D) :-

* Any mutual fund registered under the SEBI act 1992.

* Any other notified mutual fund set up by any public sector bank, or public financial institution or authorised by RBI.

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