CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend https://www.taxtmi.com/news?id=22491 The Finance Bill proposes removal of Dividend Distribution Tax, shifting dividend taxation to shareholders and requiring payers to deduct TDS on dividend payments above the statutory threshold. The CBDT clarifies that a Mutual Fund must deduct TDS only on dividend payments at the prescribed rate and is not required to deduct tax on income that is capital gains on redemption of units. en-us Wed, 05 Feb 2020 09:38:05 +0530 Wed, 05 Feb 2020 09:38:05 +0530 TaxTMI RSS Generator CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend https://www.taxtmi.com/news?id=22491 The Finance Bill proposes removal of Dividend Distribution Tax, shifting dividend taxation to shareholders and requiring payers to deduct TDS on dividend payments above the statutory threshold. The CBDT clarifies that a Mutual Fund must deduct TDS only on dividend payments at the prescribed rate and is not required to deduct tax on income that is capital gains on redemption of units. News - Wed, 05 Feb 2020 09:38:05 +0530 https://www.taxtmi.com/news?id=22491