Mutual fund
This query is : Resolved
JAY RUPARELIA
(Querist)
03 November 2014
IS DIVIDEND PAID BY MUTUAL FUND HOUSE IS TAXABLE IN THE HANDS OF FUND HOUSE? WHAT WOULD MAKE DIFFERENCE IF ONE IS SELECTING DIVIDEND OPTION & OTHER ONE IS GOING FOR GROWTH OPTION?
Nikhil Kaushik
(Expert)
03 November 2014
dividend paid by fund house is included in the income of the receiver but not taxable as the fund is required to pay dividend distribution tax on the same.
Nikhil Kaushik
(Expert)
03 November 2014
if you select growth option, no dividend shall be payable. so the question of dividend or tax thereon wont arise.
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