Over 46 million equity-linked retail investors in mutual fund industry may be in for a jolt if the goverment goes ahead with its plans to tax dividends at a hefty 10 percent from next fiscal year.
This move is likely to see an outgo of around Rs 740 crore per annum from these investors, say experts.
However, industry lobby Amfi expects the government to heed its demand to shelve the plan and has already represented the matter to the finance ministry.
