Tax on dividend received


BISWAJIT (service)     13 December 2019

BISWAJIT
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I have received dividend on mutual fund investments in Indian company. I'm a resident of India. then it taxable ???

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Miss Mansi Bhojani (Practicing Chartered Accountant)     13 December 2019

Miss Mansi Bhojani
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Dividend received from mutual fund is exempt u/s 10(35) in the hands of receiver .

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Kapadia Pravin   13 December 2019

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Dividend on Mutual Fund is exempt under 10(35) without any limit. Fully exempt

RAJA P M ("Do the Right Thing...!!!")     14 December 2019

RAJA P M
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@ Mr Biswajit.,

No... It's exempted income.

Nihal Soni   14 December 2019

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Div is exempt us 10(35)

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Shivam RC (Student)     14 December 2019

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Dividend received from Equity oriented Mutual Funds is EXEMPTED from Income Tax u/s 10(35) of the Income Tax Act 1961.

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Kapadia Pravin   15 December 2019

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I repeat my reply -
Dividend on Mutual Fund is exempt under 10(35) without any limit. Fully exempt

Dividend from all types of MF schemes - Whether equity oriented or debt funds scheme.


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