DIVIDEND TAXATION
This query is : Resolved
Quick Summary
P.Madhivadhanan
(Querist)
31 October 2020
hDFC BALANCED ADVANTAGE FUND - REGULAR PLAN - DIVIDEND IS TAXABLE. aSSSEESSEE REGULARLY GOT 13831 AS MONTHLY INCOME .
KAVIRAJA ADDANGADI
(Expert)
05 November 2020
The Finance Act 2020 has shifted back to the classical system of taxing dividend in the hands of shareholders/unit holders from 01 April 2020, and abolished dividend distribution tax (DDT), wherein the incidence was on the company.
02 October 2021
Yes, from AY 2021-22, dividend received on the scheme is taxable under IFOS.
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