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section 94 (7) of the Income Tax Act
we invested in weekly dividend income plan mutual fund on 01-04-07 and redemed the amount on 30-06-2007. we earn dividend income during the period april to june. Whether the dividend received is exempt or not. please confirm.
Replies (1)
Dividend from mutual funds (covered u/s 23D) are exempt u/s 10(35)
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