If I have pay taxes on the dividends received

Some questions - I have investments in the following funds: 1) HDFC Balanced Fund - Dividend Payout - Quarterly, 2) ICICI Pru Balanced Advantage Fund - Monthly Dividend Payout, 3) L&T India Prudence Fund - Dividend Payout, 4) BSL 95 Balanced Fund Dividend Payout. Grateful if you can let me know, if I have to pay tax on the dividends received for these funds for FY 16/17 (AY 17/18)?

Apr 21, 2017 by Nataraj Mahadevan,   |   Mutual Fund

Mutual fund dividends received in the hands of the investor is totally tax free.

You have received dividend from 4 balanced funds and all are tax free in your hand. However, you must show the receipt of these dividends in your ITR (Income Tax Return)

Thanks for writing to Advisorkhoj.

View All Queries
Search
You haven't found the answer for your queries? Do post your queries to us.
POST A QUERY
Axis MF Quant Fund 300x250

Recent Queries

See MoreMore

Fund News

See MoreMore

Tools and Calculators

Motilal Oswal Manufacturing Fund NFO 300x600
Feedback
Notification