Regardless of Budget changes, dividend plans of equity mutual funds were always a bad idea

The abolition of the Dividend Distribution Tax (DDT) and the shifting of equity and equity mutual funds’ dividends to the investor’s taxable income in this Budget was a long-overdue improvement in the taxation structure of investments. If dividends are to be taxed at all, then they should be part of the taxpayer’s income. In the DDT arrangement, tax is deducted by the company or mutual fund paying the dividends at a constant rate that is applicable to everyone. Due to this, small investors and r ..

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