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M S Banerjee

Category : Equity M..,
Solved
I want to know whether monthly dividend of HDFC Balanced Advantage Fund is taxable for a individual for FY 2018 19
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Amlan Dutta
No it should not be taxable , what was proposed was to introduce DDT in the hands of the fund itself i.e HDFC funds after computing profits will first have to pay taxes on it and then distribute dividends ....Note however, that the dividend in the hands of the investor stays tax free ... ( Earlier...
Javeed

Category : Equity M..,
Solved
Regarding STCG tax, can I deduct exit load(1%) charged by mutual fund to calculate gains?
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Amlan Dutta
The money you receive from the fund house (redemption proceeds) has already deducted the exit load. So, you cannot treat it as a loss and deduct the amount from your gains once again while filing your ITR.