10% tax on dividend above rs 10 lakhs

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25 Points Posted on 22 July 2017

Hi,

Does the 10% tax on dividends above Rs 10 lakhs apply to dividends received from Mutual funds? I have seen opposing views on this in various articles.  If the 10% tax does not apply, where does the exempt dividend income have to be reported on ITR2?  The dividends row in Schedule EI mentions the limit of 10 Lakhs so I assume any amount above this cannot be included here.

Thanks.

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On 22 July 2017 at 14:33 Report
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Student CA Articleship
554 Points Posted on 22 July 2017
Dividend from equity mutual fund is exempted.
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On 22 July 2017 at 16:35
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Student CA Articleship
554 Points Posted on 22 July 2017
If your portfolio contains more than 65% of equity shares, the your portfolio is called equity oriented mutual fund and dividend from your mutual fund is totally exempted.
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On 22 July 2017 at 16:36

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