Financial Services Not Just Limited To Banks, It’s A Highly Diversified Sector
Posts
Featured post
Non-Allowability of Interest Deduction Against Dividend Income
Non-Allowability of Interest Deduction Against Dividend Income Dividend income and income from units of mutual funds, categorized as passive investment receipts, are taxable under the head “Income from Other Sources” as per the Income-tax Act, 2025. Currently, Section 93 allows taxpayers to claim interest expenditure incurred to earn such income, subject to a ceiling of 20% of the gross dividend or mutual fund income. However, the government has proposed an amendment to Section 93(2) to disallow any deduction of interest expenditure against dividend income or mutual fund income . The amendment is set to take effect from 1st April 2026 and will apply for the tax year 2025-26 onwards. Taxpayers and investors are advised to take note of this change while planning their investment and tax strategies.
Financial Calculator
I would like to request you to join our following services.
It is the smartest way to stay on top of latest Mutual fund, Bonds & IPO News .
Product Updates on whatsapp
Product Updates on Email
Product Updates on Telegram
You will get daily news updates for FREE.
I also request you to spread the world by referring us to the smartest people you know.
To share it with your friends,
just Copy below message it & paste in your group
Subscribe to Our WhatsApp, Email & Telegram Update Service ! https://bit.ly/3ryhxBM