AMCs may deduct TDS irrespective of dividend income
Apr 08 2020
News Category: Others
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According to media reports, some mutual fund houses have decided to deduct TDS irrespective of dividend income, owing to practical difficulties in tracking dividend income at PAN-level. As a result, fund houses have started deducting 10% TDS on dividend income from Apr 1, 2020 even if it does not exceed Rs.5000.

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