GkSeries.com

Commerce Short Question | Gkseries

Q.

Dividends declared by Unit Trust of India or by mutual fund is :

[A] Fully exempt in the hands of unit holders
[B] Fully taxable in the hands of unit holders
[C] Fully exempt in the hands of individual unit holders and fully taxable in the hands of institutional unit holders
[D] Included in the gross total income but a deduction is allowed under section 80 L
Answer & Explanation

Answer: Fully exempt in the hands of unit holders

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Please share this page

Click Here to Read more questions

Teacher Eligibility Test