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Is mutual funds tax free 2024?

Ava Garcia | 2023-05-07 11:58:18 | page views：1853
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Alexander Clark

Works at Apple, Lives in Cupertino, CA
Any income of a mutual fund registered under the SEBI Act, 1992 is exempt from income tax under Section 10 (23D) of the Income Tax Act, 1961. Thus, any income generated by the fund through investments, either in the form of capital gains (short term or long term), dividends or interest is exempt from income tax.
2023-05-13 11:58:18
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Benjamin Brown

QuesHub.com delivers expert answers and knowledge to you.
Any income of a mutual fund registered under the SEBI Act, 1992 is exempt from income tax under Section 10 (23D) of the Income Tax Act, 1961. Thus, any income generated by the fund through investments, either in the form of capital gains (short term or long term), dividends or interest is exempt from income tax.
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