Investors to pay 10% tax on distributed income from equity Mutual Funds

Retrieved on: 2018-01-31 16:37:30

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Investors to pay 10% tax on distributed income from equity Mutual Funds. View article details on hiswai:

Excerpt

<div>... Jaitley proposed to introduce a tax on distributed income by <b>equity</b> oriented mutual funds at the rate of 10 per cent to provide a level field across growth oriented funds and dividend distributing funds. This is in addition to the <b>Securities</b> Transaction Tax (STT) on transaction in shares, bonds, debentures, ...</div>

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