TDS on Investments
This query is : Resolved
Mohd Sarfaraz Latibani
(Querist)
11 August 2010
I have invested some amount in mutual funds and they have deducted TDS on the amount invested. I want to Is amount invested in mutual funds is taxable and can I claim the TDS back.
Thanks
Thanks
Sunil Kr. Sanganeria
(Expert)
11 August 2010
Investment in Mutual Fund is ot taxable and Mutual fund should not deduct Tax on the amount inveted by the invester. Any profit on sale of such fund is taxable depends on certaimn conditions. I think Mutal Fund has deducted entry load on the amount invested not Tax.
11 August 2010
Investment in mutual fund is not taxable & tds can not be deducted on the sum invested.
As per SEBI circular of last year, entry loads are also been removed. So just check with your fund management company about the deduction.
As per SEBI circular of last year, entry loads are also been removed. So just check with your fund management company about the deduction.
11 August 2010
if u r non residents while redeeming the amount mutual fund do deduct TDS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
