Tax on dividend received
BISWAJIT (service) (179 Points)
13 December 2019
I have received dividend on mutual fund investments in Indian company. I'm a resident of India. then it taxable ???
6 Replies
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1736 Points)
Replied 13 December 2019
Dividend received from mutual fund is exempt u/s 10(35) in the hands of receiver .
Kapadia Pravin
(17259 Points)
Replied 13 December 2019
Dividend on Mutual Fund is exempt under 10(35) without any limit. Fully exempt
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 14 December 2019
@ Mr Biswajit.,
No... It's exempted income.
No... It's exempted income.
Shivam RC
(Student)
(23683 Points)
Replied 14 December 2019
Dividend received from Equity oriented Mutual Funds is EXEMPTED from Income Tax u/s 10(35) of the Income Tax Act 1961.
Kapadia Pravin
(17259 Points)
Replied 15 December 2019
I repeat my reply -
Dividend on Mutual Fund is exempt under 10(35) without any limit. Fully exempt
Dividend from all types of MF schemes - Whether equity oriented or debt funds scheme.
Dividend on Mutual Fund is exempt under 10(35) without any limit. Fully exempt
Dividend from all types of MF schemes - Whether equity oriented or debt funds scheme.
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