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Question

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

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