Hello experts, one of my client have 26as in which 194K TDS deduct so it's exempt or taxable and which head it's chargeable for salary person
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Quick Summary
This discussion clarifies the taxability of mutual fund income under Section 194K. From the financial year 2020-21 onwards, dividend income from mutual funds is generally taxable. For individuals with salaried income, this is typically assessed under the 'Income from Other Sources' head.