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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
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