income from mutual fund
This query is : Resolved
27 March 2009
how we should treat daily dividend reinvested in mutual fund and the amount received on maturity/logout. whether diffence between principal and maturity amount is short/long term gain or only tax free dividend income.
30 March 2009
Dividend is exempt. Difference between maturity amt and principal will be capital gain. Short term or long term will depend on the period of holding.
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