Dividend payout taxable or exempt - icici prudential

Dear Members,

I have one query, whether dividend received from :-

1) ICICI Prudential Balanced Advantage Fund - Monthly Dividend and

2) ICICI Prudential Equity & Debt Fund - Monthly Dividend

are taxable or exempt ? If taxable than what is the rate and under which head it will taxable ? and if exempt than under which section exempt ?

Thank You!

 

Replies (1)

Dividend received by investor in both the scheme is tax-exempt u/s. 10(35) of IT act...

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