i invested in dividen plans of mutual funds which is credited into my account every month...so this dividend is taxable or not ? and where should i be showing this information in itr1.
7 Replies
CA K.Srividhya
(Chartered Accountant)
(279 Points)
Replied 29 August 2018
Dividend from mutual fund is not taxable. It is exempt u/s 10 (35).
Regards
Regards
neha
(Others)
(420 Points)
Replied 29 August 2018
in the current itr1 theres no u/s 10 (35) part so where should i show it?
udit jain
(24 Points)
Replied 29 August 2018
As per section 10 (35) if a mutual fund distributes dividend is exempt provided such mutual fund is either registered with sebi or RBI as per section 10(23D)
udit jain
(24 Points)
Replied 29 August 2018
In ITR 1 under part D at bottom you can find heading with exempt income ,which is used for reporting purpose only ,their you can find a column named "others"report their the dividend income
neha
(Others)
(420 Points)
Replied 30 August 2018
since its exempt will it be a problem to leave it out?
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