Income-tax amendments: no deduction for expenses against dividend income or mutual fund unit income from April 2026. Section 93 is amended to permit reasonable commission or remuneration to a banker or other person for realising interest on securities as an allowable ... Summary
Income-tax amendments: no deduction for expenses against dividend income or mutual fund unit income from April 2026.
Section 93 is amended to permit reasonable commission or remuneration to a banker or other person for realising interest on securities as an allowable expense, and to substitute sub section (2) to state that no deduction shall be allowed for dividend income or income from specified mutual fund units or specified company units.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.