i invested in dividen plans of mutual funds which is credited into my account every month...so this dividend is taxable or not ? and where should i be showing this information in itr1.
Menu
Mutual fund dividend taxable or not
Replies (7)
Dividend from mutual fund is not taxable. It is exempt u/s 10 (35).
Regards
Regards
u/s 10 (35) OR u/s 10 (34)
in the current itr1 theres no u/s 10 (35) part so where should i show it?
As per section 10 (35) if a mutual fund distributes dividend is exempt provided such mutual fund is either registered with sebi or RBI as per section 10(23D)
In ITR 1 under part D at bottom you can find heading with exempt income ,which is used for reporting purpose only ,their you can find a column named "others"report their the dividend income
since its exempt will it be a problem to leave it out?
Legally it's wrong. But now you know where to report it, you should report it properly in ITR.
Recent Topics :
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
Related Topics :
CAclubindia
