Mutual Fund Dividend Taxable
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Question: What is the tax rate for gains on Monthly income plan mutual funds ?
India :
What is the tax rate for gains on Monthly income plan mutual funds ?Is dividend from MIPs taxable ?
Answer: http://www.personalfn.com/tax/tdd09.html
http://www.personalfn.com/tax/cgt.html
Dividend is tax free in the hand of the investor. The company already pays DDT.
HMT
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