The Dividend Distribution Tax paid by Companies has been abolished in the Finance Bill 2020 and dividend income shall be taxable in the hands of investors now. Sec 194K was re- introduced for deduction of tax on income in respect of units of Mutual Funds. Deductor- Any person who is responsible for paying dividend in […]
Tag: Section 194K
The Dividend Distribution Tax paid by Companies has been abolished in the Finance Bill 2020 and dividend income shall be taxable in the hands of investors now. Sec 194K was re- introduced for deduction of tax on income in respect of units of Mutual Funds. Deductor- Any person who is responsible for paying dividend in […]
File Validation Utility (FVU) version 6.7 Addition of new section code 194K (i.e. Income from Mutual Fund Units) for Form 26Q Same will be applicable for regular and correction statements pertaining to FY:2020-21 onwards This version of FVU is applicable with effect from June 12, 2020 File Validation Utility (FVU) version 2.163 There is no […]