What is the exemption limit on Dividends received in hands of Assessee of Mutual Fund / Equities
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177886 Points)
Replied 29 August 2021
No exemption limit.
From F.Y 2020-21, Section 10(34) has been withdrawn-Exempting dividend Income from taxation.
Taxation of Dividend : Dividend can be taxable under head- Income from other sources or Business Income…It means if shares/MF units are held as an investment then taxable as Income from other sources.
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