Hello Friends,
I want to ask you about the following questions regarding Mutual Fund Investment.
1. Is tax becomes payable on redemptions of MF Units ?
2. If, answer of q.1 is yes then will it be under Capital Gain or under income from other sources ?
3. If, answer of q. 2 is yes then under Capital Gain then whether idexation is available or not ?
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I have found a answer of your question Mr. Kalpesh.
Will TDS be deducted on the redemption of units? If yes what will be the basis of deduction of TDS |
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TDS is not deducted on the sale proceeds for Resident Indians.
There is another similar case which i have found on CACLUB forum i.e. /forum/tds-on-mutual-funds-52785.asp
I hope that you will find your desired answer. |
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