Tax exemption on dividends

TDS 179 views 2 replies

What is the exemption limit on Dividends received in hands of Assessee of Mutual Fund / Equities

Replies (2)

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From F.Y 2020-21, Section 10(34) has been withdrawn-Exempting dividend Income from taxation.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.

Section 194A limit of Rs 5000


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