Taxation of Dividend Received From Mutual Fund

No it is taxable under income from other sources

From FY 20-21 dividend from mf is taxable under IFOS income from other sources

As per section 10(35) of Income Tax Act, any income received by an individual/HUF as dividend from a debt mutual fund scheme or an equity mutual fund scheme is fully exempt from tax. In addition to tax in the hand of investors, dividends declared by domestic companies also attract a Dividend Distribution Tax (DDT).

From FY 20-21 that is AY 21-22 Dividend from mf is taxable.

Thanks everyone for the reply