Dividend income exemption expanded to include dividends and specified mutual fund and UTI unit income excluding transfers. Amendment adds three clauses: dividends from any Indian company; income from units of the Unit Trust of India other than income arising from transfer of ... Summary
Dividend income exemption expanded to include dividends and specified mutual fund and UTI unit income excluding transfers.
Amendment adds three clauses: dividends from any Indian company; income from units of the Unit Trust of India other than income arising from transfer of such units; and income from units of a Mutual Fund specified under clause (23D) of section 10 other than income arising from transfer of such units.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.