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Taxation of Dividend Received From Mutual Fund

SASMITA (AUDIT MANAGER) (97 Points)

07 January 2021

is the dividend received from mutual fund is taxable or exempt. where to show it in ITR 3.

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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 07 January 2021

No it is taxable under income from other sources

Kapadia Pravin (17249 Points)
Replied 08 January 2021

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

Krishna Chaudhary (Accountant) (4531 Points)
Replied 09 January 2021

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).

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