In which section does..
Dividend from units of UTI and mutual funds will be exempt ????
under section 10(34) or 10(35) .....???
Jayesh Agrawal (3 Points)
23 December 2017
Rahul Sharma
(24 Points)
Replied 24 December 2017
Prajjwal Kaushik
(Finance Professional)
(6216 Points)
Replied 24 December 2017
10(35) is the right section.
any income by way of,—
(a) income received in respect of the units of a Mutual Fund specified under clause (23D); or
(b) income received in respect of units from the Administrator of the specified undertaking; or
(c) income received in respect of units from the specified company:
Provided that this clause shall not apply to any income arising from a transfer of units of the Administrator of the specified undertaking or of the specified company or of a mutual fund, as the case may be.
Explanation.—For the purposes of this clause,—
(a) "Administrator" means the Administrator as referred to in clause (a) of section 2 of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 (58 of 2002);
(b) "specified company" means a company as referred to in clause (h) of section 2 of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 (58 of 2002);
| Originally posted by : lalith h b | ||
 |
10(33) exemption is in relation to whoch income? |  |
Income from transfer of units of UTI.
CAclubindia
