Dividend given by the Mutual funds are non-taxable or is it taxable? and the Dividend given by the companies?
Dividend on mutual fund
Ramakrishnaraju (supervisor) (211 Points)
19 February 2010
Ramakrishnaraju (supervisor) (211 Points)
19 February 2010
Dividend given by the Mutual funds are non-taxable or is it taxable? and the Dividend given by the companies?
Ameet
(L)
(1678 Points)
Replied 19 February 2010
Any income received in respect of the units of a Mutual Fund specified
under clause (23D) is not taxable.
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 19 February 2010
exempt u/s 10 (23D)............
C.Balaji
(Learner)
(1867 Points)
Replied 19 February 2010
Dividend received by a shareholder from a domestic co. is exempt from tax u/s 10(34)....
any income received in respect of the units of a Mutual Fund specified
under clause (23D) is not taxable.
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