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Repurchase of untis

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2011 sir,
one of my client She is non resident. She got the TDS certificate for deducting tax @20% from sundaram BNP paribas mutual fund for repurchase of units.whether income credited is to be taken as capital gain or income from other sources.
what is the treatment for repurchase of units? what is applicable tax rate for her?
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
07 June 2011 THIS IS CAPITAL GAIN
ITS EXEMPT IF THE FUND IS EQUITY ORIENTED FUND AND GAIN IS LTCG
APPLICABLE TAX RATE IS 20 PERCENT IF LTCG
IT IS 15 PERCENT IF STCG

CA MANOJ GUPTA
JODHPUR
09828510543
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