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.

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