AMCs may deduct TDS irrespective of dividend income
Apr 08 2020
News Category: Others
No of Views: 433 Rate Now!
Top 5 Views
Reliance Long Term Equity fund has been renam...
Axis Mutual Fund introduces switching facilit...
Axis MF launches Axis Equity Saver Fund
Edelweiss Mutual Fund announces dividend unde...
Religare Invesco appoints Nilesh Bharkhada as...

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.

Related News
Title Report Date
Quant Mutual Fund has announced merger of Quant Dynamic Bond Fund a... 15/01/2021
Paytm Money has launched Exchange-Traded Funds (ETFs) on its platform 29/10/2020
Mutual fund houses have discontinued accepting purchase transaction... 22/06/2020
NISM has resumed regular continuing profession education (CPE) prog... 16/06/2020
NISM has suggested AMFI to give relaxation to mutual fund distribut... 12/06/2020
Filing of nil GST monthly return in FORM GSTR-3B through SMS to red... 09/06/2020
According to media reports, Kuvera, an online investment platform o... 05/06/2020
NISM has launched online format of continuing profession education ... 02/06/2020
NISM will commence online continuous professional examinations (CPE... 01/06/2020
Essel Mutual Fund announces winding up of Essel Short Term Fund 20/06/2019
Net inflow in Equity Linked Saving Schemes or tax saving mutual fun... 15/01/2019
Mutual Fund industry asset base increases 5.5% in 2018 07/01/2019
HDFC Mutual Fund surpasses ICICI Prudential Mutual Fund to becomes ... 03/01/2019
ICRA Online has launched a Cloud-based tool named MFI 360 01/11/2018
Motilal Oswal Mutual Fund temporarily ceases subscription in Motila... 17/09/2018
More...
Latest Reports
SEBI issued timetables for rebalancing mutual...
SEBI: Closure of pooled accounts will have no...
AMFI: Mutual Funds added more than 10 lakh ne...
SEBI clarified its position on online platfor...
Mutual Fund Industry AAUM has declined to Rs....