Schedule OS on WebNotes

How to fill Schedule OS for mutual fund dividend (IDCW) in ITR

Tue, 19 May 2026 00:00:00 +0000

Schedule OS in ITR captures “Income from Other Sources” including mutual fund dividends (IDCW). Post Finance Act 2020, DDT (Dividend Distribution Tax paid by AMC) was abolished; dividends are now fully taxable in the investor’s hands at slab rate. Section 194K TDS applies above Rs 5,000 per AMC.

Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC. No affiliate commission is earned.

How to report PPFAS IDCW receipts in ITR

Sun, 17 May 2026 00:00:00 +0000

IDCW (Income Distribution cum Capital Withdrawal) is what SEBI’s 2021 relabeling renamed dividends. The tax treatment changed with the Finance Act 2020: the old Dividend Distribution Tax (DDT) framework was abolished, and IDCW is now fully taxable in the investor’s hands at the slab rate (not as a flat-rate capital gain). The AMC withholds 10 per cent TDS under Section 194K when IDCW from a single scheme crosses Rs 5,000 in an FY (Rs 10,000 for resident senior citizens aged 60+), and the TDS rate jumps to 20 per cent if PAN is not on record.