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Is dividend under mutual fund taxable ?

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8310 Points)

16 April 2011

I want know whether dividend under mutual fund investment is taxable ?

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11 Replies

Kamal Kothari (CWA) (169 Points)
Replied 16 April 2011

Dividend received from Mutual funds are exempt u/s.10(35) of I.T.Tax Act 1961.

1 Like

(Guest)

it is tax free in the hands of the investor

1 Like

Sunshine (Helping All) (10575 Points)
Replied 16 April 2011

yes its exempt....logic is same...Dividend distribution tax is already paid by the company declaring dividend...so its exempt in hands of investor...

1 Like

CA Himanshu Bansal (Risk Manager) (2345 Points)
Replied 17 April 2011

No, its not taxable !

Exempt U/S 10(35) .

1 Like

Reena Verma (CA Finalist) (417 Points)
Replied 17 April 2011

Dividend received from Mutual funds are exempt u/s.10(35) of I.T.Tax Act 1961.

1 Like

krina (student) (1263 Points)
Replied 17 April 2011

As an individual, Dividend received in your hands are exempt from tax. You need not pay any tax for the dividend redeived.
However, few clarifications will enlight your tax obligations.

Name	resident	Tax Implication
Equity dividend Divide from Mutual funds.	Equity dividend paid by a co u/s 1150 Paid u/s 2(22)(e)	Exempt Exempt
Dividend stripping		taxable
Dividend for chitfund	foreign .....	Taxable

1 Like

mitesh (CA FINAL & B.com) (32 Points)
Replied 18 April 2011

exempt U/s 10(35) of IT Act,1961

1 Like

Mohit Bhandari (Article CA Final Student) (38 Points)
Replied 18 April 2011

Since u paid STT so it is exempt u/s 10(35) of Income Tax Act,1961

1 Like

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8310 Points)
Replied 18 April 2011

thanks to all .

pintu singh (nil) (40 Points)
Replied 20 April 2011

Its not taxable u/s 10(35) of income tax act 1961.

Aruna Naik (7 Points)
Replied 02 December 2017

Dividend under mutual fund are not taxable.
Exempt U/S 10(35) .
Investing in mutual funds is a good idea though many of them are confused about creating a mutual fund portfolio.

It would be more easier if you take help and find easy technics to invest in different levels of mutual funds.

Currently I have invested in close ended mutual funds in respect to get higher returns with no tax deduction with the help of financial advisor which has given me higher retuns in number of tractions

To know more visit :https://ajmerax-change.co.in/