Taxablity of Income from Mutual Fund

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..... Taxablity of Income from Mutual Fund
Query (Issue) Started By: - JOHN SHANNEL Dated:- 2-6-2011 Last Reply Date:- 10-8-2011 Income Tax
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Income Tax
We Invested in Mutual Fund (De .....

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..... bt Scheme) last year. For the investments we receive Dividend after deducting Dividend Distribution Tax. Is it taxable. Please also mention the section in both case. Thank You. John Shannel Reply B .....

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..... y sanjeev bajaj: The Reply: Dear John Dividend recd. from mutual fund is not taxable as per clause 35 of sectuin 10 of IT ACT if mutual fund is registered with SEBI as per clause 23D of Section 10. .....

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..... Clause 35 of Section 10 states any income from specified mutual fund. If you see the definition of income it includes dividend. Regards SANJEEV BAJAJ
Discussion Forum - Knowledge Sharing .....

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