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Indudhar (Tax Advocate) (427 Points)
Friends,
Is UTI US-64 unit interest Exempt?
please help me..
Hi Indudhar,
As per sec 10(35) any income from mutual fund specified u/s 10(23D) will be exempt from tax. So income from UTI US64 is exempt.
CA Shailesh +91 9393926464 (Chartered Accountant) (2088 Points) Replied 15 July 2009
Yes exempted
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