Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
16 April 2011I want know whether dividend under mutual fund investment is taxable ?
Kamal Kothari
(CWA)
(169 Points)
Replied 16 April 2011
Dividend received from Mutual funds are exempt u/s.10(35) of I.T.Tax Act 1961.
Sunshine
(Helping All)
(10575 Points)
Replied 16 April 2011
yes its exempt....logic is same...Dividend distribution tax is already paid by the company declaring dividend...so its exempt in hands of investor...
CA Himanshu Bansal
(Risk Manager)
(2345 Points)
Replied 17 April 2011
No, its not taxable !
Exempt U/S 10(35) .
Reena Verma
(CA Finalist)
(417 Points)
Replied 17 April 2011
krina
(student)
(1263 Points)
Replied 17 April 2011
As an individual, Dividend received in your hands are exempt from tax. You need not pay any tax for the dividend redeived.
However, few clarifications will enlight your tax obligations.
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Mohit Bhandari
(Article CA Final Student)
(38 Points)
Replied 18 April 2011
Since u paid STT so it is exempt u/s 10(35) of Income Tax Act,1961
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 18 April 2011
thanks to all .
pintu singh
(nil)
(40 Points)
Replied 20 April 2011
Its not taxable u/s 10(35) of income tax act 1961.
Aruna Naik
(7 Points)
Replied 02 December 2017
Dividend under mutual fund are not taxable.
Exempt U/S 10(35) .
Investing in mutual funds is a good idea though many of them are confused about creating a mutual fund portfolio.
It would be more easier if you take help and find easy technics to invest in different levels of mutual funds.
Currently I have invested in close ended mutual funds in respect to get higher returns with no tax deduction with the help of financial advisor which has given me higher retuns in number of tractions
To know more visit :https://ajmerax-change.co.in/
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