What is the exemption limit on Dividends received in hands of Assessee of Mutual Fund / Equities
Ashok Kelkar (B.Com) (143 Points)
29 August 2021What is the exemption limit on Dividends received in hands of Assessee of Mutual Fund / Equities
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 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From F.Y 2020-21, Section 10(34) has been withdrawn-Exempting dividend Income from taxation.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.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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