https://www.taxtmi.com/forum/issue?id=3570 Interest on a loan used to purchase mutual fund units that yield exempt dividends (after dividend distribution tax) is attributable to exempt income and may be disallowed under the statutory provision addressing expenses relating to exempt income; such disallowance can extend to the entire interest incurred and need not be limited by the amount of exempt dividend received. en-us Wed, 16 Nov 2011 15:53:15 +0530 Thu, 23 Jan 2025 15:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3570 Interest on a loan used to purchase mutual fund units that yield exempt dividends (after dividend distribution tax) is attributable to exempt income and may be disallowed under the statutory provision addressing expenses relating to exempt income; such disallowance can extend to the entire interest incurred and need not be limited by the amount of exempt dividend received. Discussion-Forum Income Tax Wed, 16 Nov 2011 15:53:15 +0530 https://www.taxtmi.com/forum/issue?id=3570