Taxability of Dividends from Cash management/Short term debt funds

L

lvgandhi

Well-Known Member
#1
#1
Whether dividends from the HDFC cash management debt funds with weekly/monthly divdends, FT short term income plan, Birla short term fund and reliance short term fund are taxable in the hands of the investor.
 
H

HAK

New Member
#4
#4
Hi all,

There is a caveat to the tax free nature of dividend income from MFs.

No tax is applicable for Mutal fund that were purchased more than 90 days prior to declaration of dividend.

Regualr income tax rules will applicable be divideds received from MF purchased less than 90 days.

I hope this will help some of the readers.

regards,
HAK
 
L

lvgandhi

Well-Known Member
#5
#5
HAK said:
Hi all,

There is a caveat to the tax free nature of dividend income from MFs.

No tax is applicable for Mutal fund that were purchased more than 90 days prior to declaration of dividend.

Regualr income tax rules will applicable be divideds received from MF purchased less than 90 days.

I hope this will help some of the readers.

regards,
HAK
Click to expand...
Is it appicable for debt funds, short term funds.?
 
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