Pls. tell me that if i invested in Mutual funds (reliance)
and the received dividend in form of more units of same MF.
as dividend is exempted.
so what will be the treatment to calculate the STCG
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Dividend in form of units
Replies (2)
The Dividend is fully exempt . This is called dividend reinvestment. You have to show Dividend and the same should be shown in Purchases account also.
Thanx ... but please explain me with proper example..
i.e. i was bought 200 units for rs.10000
and recevied dividend in form of units that is
50 units for rs.2500
and now i sold these 250 units for rs.20000
then what will that STCG
please reply with explanation reg sec. 10(34)
Thanx in advance
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