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Shubham Tiwari asked 1 year ago

Sir,
Answer of cno 458.02 
Conclusion part is not clear
Whether both recognising dividend on securities and units of mutual fund are inappropriate
Or only dividend on mutual fund unit?

1 Answers
RaviRavi Staff answered 1 year ago

As per RBI Circular Dividend on Share — Book after being declared
 
Dividend on Mutual Funds — When we receive dividend
 
Current Case
 
Dividend on Shares — Booked before declaration
 
Dividend on Mutual Fund — Booked before receipt so both are inappropriate  

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