Dividend income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2013 My company is in receipt of Dividend from money market mutual funds,does this income are taxable or exempted.

CS,CA F,Numrologi TusharSampat (Expert)
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22 October 2013 Yes it is taxable as only for equity oriented it is not taxable.

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2013 can you please give any ref. to section

CS,CA F,Numrologi TusharSampat (Expert)
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22 October 2013 Refer sec 10(38) and under sec 115 one of the provisions state this.

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