one of my client he was received dividend income on mutual fund like HDFC mutual fund, Franklin Mutual fund etc. and also received redemption amount of mutual fund which has invested earlier years
my query is that what is the treatment of that received dividend as well redemption amount whether is it taxable or exempt u/s 10(35)
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Mutual fund income
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| Originally posted by : Rahul | ||
 |
one of my client he was received dividend income on mutual fund like HDFC mutual fund, Franklin Mutual fund etc. and also received redemption amount of mutual fund which has invested earlier years my query is that what is the treatment of that received dividend as well redemption amount whether is it taxable or exempt u/s 10(35) |  |
both are exempted , income will be exempted u/s10(35) and LT capital gain u/s 10(38)
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