Will Interest from mutual funds will be totally exempted or there is a limitation?
Rushabh Vyas (Articled Assistant) (33 Points)
22 October 2008Will Interest from mutual funds will be totally exempted or there is a limitation?
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 22 October 2008
Interest or dividend?
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 23 October 2008
It depend on scheme in which you are putting your money.
praveen
(Chartered Accountant)
(6971 Points)
Replied 23 October 2008
| Originally posted by :Rushabh Vyas | ||
| " | Will Interest from mutual funds will be totally exempted or there is a limitation? | " |
Dividend is not taxable under any circumstances if it is from an indian company. Interest till now i have not heard of interest on mf's.
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