TDS on MF Dividend (New Section 194K)

Kapadia Pravin (17249 Points)

01 February 2020  
Mutual fund is not required to pay tax on income distributed to its unit holders on or after 1-4-2020

Such dividend distribution will be taxable in the hands of Unitholders.

Under new section 194K , there will be TDS on such dividend @ 10% (above threshold limit of Rs 5000/-)