Taxation of Mutual Fund Sale and Dividend Received
AMBER (Student) (160 Points)
15 April 2019Partnership Firm has invested in Mutual Fund and received dividend up to Rs 3lac. and same mutual fund are sold.
1) What is the Taxation of Dividend ( Taxable or Exempt ) ?
2) What is the Taxation of sale of Mutual Fund and what cost to be taken in case of Dividend reinvestment .