i have received devident from Mutual Fund..will i be taxed?

Question

i have received devident from an equity based open ended Mutual Fund.
is this devident taxable?

i live in INDIA

Answer 1

Dividend from shares & dividend received on equity based mutual fund are tax free in India. You need not pay any tax for the same. But you have to show the same as income from other source and claim the same amount as exemption under section 10(33).

Answer 2

Under indian income tax Act , as per section 10(33) of the Income Tax Act,1961 the dividend from shares and mutual funds are exempted from income tax. Hence need not pay tax....

Answer 3

If you have received a dividend (check) you will must certaintly receive a 1099DIV tax document which the Federal government will have access to. Your best best is to simply go to an online site such as TurboTax where you can enter your tax info without charge and they will figure it out for you. Hey the GOOD news is that you got a CHECK. Consider reinvesting your dividends so that you acquire more stock and forgo the CHECK!!

Answer 4

The extent to which the dividend is taxable depends on whether the dividend was a "return of capital," a capital gains dividend, or if the dividend was from earnings and profits. Your mutual fund will let you (and the IRS) know which hole it falls into.

Answer 5

As per indian income tax Act the dividend is tax free income.
Aa per section 10(33) of the Income Tax Act,1961.

So, your dividend is not taxed in india.

I do not know about other country.

Answer 6

All income is taxable. The mutual fund company will report the divident to the the IRS.

Answer 7

No, (If you Don't Declare It)

otherwise Yes.