Is dividend from mutual fund is taxable or exampt. Please help me.
PRAVIN KOKAM (COMPLAINCE OFFICER) (61 Points)
18 April 2009Is dividend from mutual fund is taxable or exampt. Please help me.
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 18 April 2009
Dividend Income:
Exempt in the hands of investors for both equity and debt schemes. However, AMC is liable to pay DDT in case debt schemes.
CA Deepak Soni
(Chartered Accountant)
(342 Points)
Replied 18 April 2009
vijay
(.)
(212 Points)
Replied 20 April 2009
Yes Mr. Praveen Dividend From Mutual Fund is Exempt u/s 10(35) of the income tax Act.
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