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Q.

Whether Dividend on Mutual Funds are Taxable As income?

Asked by vijay u makkannavar, 01 Aug '07 07:03 pm
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Answers (45)

1.

Dividend on mutual funds are tax free and are exempted from income
Answered by BALRAM SHARMA, 01 Aug '07 07:06 pm

 
  
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2.

Dividend received from Mutual funds are exempt u/s.10(35) of I.T.Tax Act 1961. As per this sectilon interest on units of a Mutual Fund on or after April1,2003 is exempt iln the senses it i does not form a part of total income. The law olystipulates that such mutal fund should be notified for exemption u/s.10(35) of the Income.tax Act. It does not make any other categorical difference as to the nature of mutual funds or to the objects of the Mutual funds. So it doesnot matter if it is debt oriented Muftual fund .Whatone earns on Mutual Fund is not Divdend, it is in nature of intrerest. Hence the ilnterest earned on Mutual Fund is exempt from taxatilon at the hands of receiver. Though it is a diferent issuje whether Security Transactilon tax is to be deducted. Rstricting my answer to the question posed i can say that what is received on the linvestment of Units under Mutual Fund is in the nature of ilnterest and such interest are exempt u/s 10(35) of the Income-tax provided the mutual ...more
Answered by sathyanarayan iyer, 03 Aug '07 10:41 am

 
  
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3.

Dividends from Mutual Funds are Tax Free..
Answered by Sameep Jain, 02 Aug '07 03:33 pm

 
  
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4.

Dividend on mutual fund is exempted from income tax
Answered by RAVI GOEL, 02 Aug '07 03:27 pm

 
  
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5.

Dividends recd by the investor is non-taxable. That means that the dividend is tax free in the hands of the investor.
Answered by Ramprasad Murthy, 05 Aug '07 04:55 pm

 
  
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6.

Check 14th point on this link

http://www.rediff.com/money/2007/apr/20tax.htm
Answered by Karthikeyan, 03 Aug '07 11:41 am

 
  
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7.

Dividend from Equity Mutual Funds are tax free whereas if the scheme is debt scheme, the dividends are taxable
Answered by piyush garg, 02 Aug '07 08:42 pm

 
  
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8.

No there is n0 relief on tax on dividend whether it is from MF or Shares
Answered by prantik gupta, 02 Aug '07 02:31 pm

 
  
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9.

No boss.................... u/s 10(115) of I.T.Act, its exempt..................
Answered by Anshul, 08 Sep '10 01:09 pm

 
  
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10.

No
Answered by anil garg, 02 Nov '09 12:45 am

 
  
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