Dividends from mutual funds

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Dividends from mutual funds are now taxable at your individual slab rate from the assessment year 2020-21, as per the Finance Bill 2020. If you received dividends before the bill's official approval, they were taxable in the company's hands. However, dividends received after this date are taxable in the hands of the shareholders.

Y RAJESH

Y RAJESH (Querist)
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05 February 2020 taxation of Dividends from mutual funds

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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05 February 2020 Taxable w.e.f assessment year 2020-21 vide Finance bill, 2020 clause 7.

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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05 February 2020 https://economictimes.indiatimes.com/mf/analysis/budget-2020-dividends-from-mutual-fund-to-be-taxed-at-slab-rate-from-april-tds-in/articleshow/73844407.cms?from=mdr

Amol S Joglekar

Amol S Joglekar (Expert)
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05 February 2020 Taxable as per the finance bill 2020. Let us wait till it gets signed by President

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 February 2020 If recieved before approval of Finance Bill, 2020 then not taxable in shareholders hand & taxable in hands in the hands of company.

else later taxable in the hands of shareholders.

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