if Dividend directly reinvested on mutual fund. will we add in calculation of income as per income tax. & what will be the treatment after maturity .

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IF IT IS EQUITY SCHEME DIV IS TAX FREE AND ON MATURITY ALSO TAX FREE IN CAS EOF DEBT FUND IT IS TAXABLE IN THE UEAR WHEN REINVESTED

nice's

nice's

I tolally agree with Mr Johari

thank u sir....

thanks,

thanx for sharing

Hey Buddy

Mutaul fund have basically two types

1) Equity Oriented

2) Debt Oriented

Firstly you have to identified whether the fund is equity or debt oriented and if the same is equity oreinted then the dividend is exempted under sec 10(34) but if the same is debt oriented then that will be considered in the income of yours and you will be liable to pay tax on the dividend income. It is immetiral whether you received it or you reinvested the same.