Is dividend from Liquid funds taxable?
This query is : Resolved
06 July 2011
I would like to know if dividend earned from Rel. Money Manager Fund is a taxable income for individual and HUF? The investor has opted for the dividend reinvestment option.
Thank You!
Chirag Domadia
chirag_domadia@yahoo.co.in
Thank You!
Chirag Domadia
chirag_domadia@yahoo.co.in
CA PARAS BAFNA
(Expert)
06 July 2011
Dividend Income earned from RMM is not taxable as the fund is a registered mutual fund under the SEBI Act 1992.
Income received from such mutual funds is exempt U/s 10(35)(a)
Income received from such mutual funds is exempt U/s 10(35)(a)
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