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Dividend distribution tax on dividend payouts to unit holders in an equity oriented fund

Budget - Dated:- 5-2-2018 - The existing provisions of section 115R, inter alia, provide any amount of income distributed by the specified company or a Mutual Fund to its unit holders shall be chargeable to tax and such specified company or Mutual Fu .....

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With a view to providing a level playing field between growth oriented funds and dividend paying funds, in the wake of new capital gains tax regime for unit holders of equity oriented funds, it is proposed to amend the said section to provide that wh .....

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