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Dividend Receipts

This query is : Resolved 
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(Querist)
06 July 2010 Whether Dividend received from Mutual Funds are exempted u/s 10(34)or any other section? If not, treatment of the same.
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Rasesh

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Rasesh (Expert)
06 July 2010 Dividends from Equity oriented MF are tax exempt
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CA SMR

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CA SMR (Expert)
06 July 2010 Dividend received from Mutual Funds is exempt from income tax,in the hands of the recipient.
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