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Is dividend on mutual fund taxable ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2018 Dear Sir,

Whether Dividend on mutual fund taxable without any limit ? if yes, what will be the effective date ? under Budget 2018.
Please clarify.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 February 2018 10% dividend distribution tax payable by mutual funds under budget 2018. No need of any tax payable by the receiver.
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2018 What will be the effective date ? 01.02.2018 or 01.04.2018 ?
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Expert : Anonymous

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Expert : Anonymous (Expert)
12 February 2018 From 01.04.2018 (FY 2018 - 19)

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