1. Can we call the earnings from mutual fund as interest?
2. U/s 10(23D) any income of mutual fund is exempt. Then who will pay income tax on interest received by them as any income from mutual fund is exempt under the hands of the receiver u/s 10 (35)?
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Replies (7)
1. No.
2. DDT is paid for dividend payment. Also there is capital gains tax ST or LT for the schemes when redeemed, but based on 1/3 years holding its Long term, otherwise ST. Only for equity based MF schemes its 1 year holding period for LT and the gain is tax-exempt.
1. Showing investment in mutual fund investment as Fixed deposit is wrong.
2. The Income from mutual fund can be called as dividend only.
True or false?
2. The Income from mutual fund can be called as dividend only.
True or false?
1. True
2. True (otherwise Capital Gains)
DDT leads to double taxation. correct or incorrect?
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DDT is paid for dividend payment
What do you think Liquid Mutual funds is better than saving bank account
Most often investors want to keep their Surplus Money in Saving Bank account, however, they get just 3-4% rate of interest. And also whatever interest you get, will be added to your income tax slab and taxed accordingly. Rather, you should invest in Liquid funds wherein you can expect a 6-7% returns. Addition to this, there are some Liquid funds wherein you can redeem your money instantly, within 5 minutes as you give your redemption request, the amount gets credited into your saving bank account. so you get full access to your money with liquidity but better returns than saving bank account. These are the some best performing funds for 2019.
| Reliance Liquid Fund – Direct – Growth | 7.66% | 7.24% | 7.79% | 0.14% | Debt
(Liquid) |
Low | |
|---|---|---|---|---|---|---|---|
| HDFC Liquid Fund – Direct – Growth | 7.5% | 7.1% | 7.69% | 0.15% | Debt
(Liquid) |
Low | |
| Axis Liquid Fund – Direct – Growth | 7.62% | 7.23% | 7.77% | 0.11% | Debt
(Liquid) |
Low | |
| Indiabulls Liquid Fund – Direct – Growth | 7.52% | 7.26% | 7.84% | 0.1% | Debt
(Liquid) |
Low | |
| ICICI Prudential Liquid Fund – Direct – Growth | 7.57% | 7.17% | 7.74% | 0.15% | Debt
(Liquid) |
Low | |
| L&T Liquid Fund – Direct – Growth | 7.56% | 7.19% | 7.75% | 0.1% | Debt
(Liquid) |
Low | |
| Essel Liquid Fund – Direct – Growth | 7.66% | 7.33% | 7.85% | 0.09% | Debt
(Liquid) |
Low | |
| HSBC Cash Fund – Direct – Growth | 7.62% | 7.19% | 7.73% | 0.08% | Debt
(Liquid) |
Low | |
| Tata Money Market Fund – Direct – Growth | 0.73% | 4.84% | 6.31% | 0.23% | Debt (Liquid) |
Low | |
| Principal Cash Management Fund – Direct – Growth | -1.82% | 4.02% | 5.85% | 0.1% | Debt
(Liquid) |
Low |
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