Is dividend from mutual fund is taxable or exampt. Please help me.
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Income from other source
Replies (5)
Dividend Income:
Exempt in the hands of investors for both equity and debt schemes. However, AMC is liable to pay DDT in case debt schemes.
exempt u/s 10(35)
yes... exempt u/s 10(35)...as mutual fund pays dividend distribution tax on it
Yes Mr. Praveen Dividend From Mutual Fund is Exempt u/s 10(35) of the income tax Act.
yes.. exempt u/s 10(35)........
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