https://www.taxtmi.com/circulars?id=52694 The levy of additional income-tax under the provision applies only to income distributed to unit-holders as dividends by mutual funds or specified companies; receipts on redemption or repurchase of units and allotment of bonus units are not treated as distributed income for this purpose and therefore are outside the scope of the additional tax. Transfer of units may remove the exemption and attract capital gains tax as applicable. en-us Tue, 11 Feb 2014 00:00:00 +0530 Fri, 14 Feb 2014 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52694 The levy of additional income-tax under the provision applies only to income distributed to unit-holders as dividends by mutual funds or specified companies; receipts on redemption or repurchase of units and allotment of bonus units are not treated as distributed income for this purpose and therefore are outside the scope of the additional tax. Transfer of units may remove the exemption and attract capital gains tax as applicable. Circulars Income Tax Tue, 11 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52694