Q310
Dividends declared by Unit Trust of India or by mutual fund is:
A.
fully exempt in the hands of unit holders
AnswerB.
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: Option A
Solution
Answer: Option A
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