Frequently Asked Questions
Is there any Tax Benefit for NRIs to invest in Mutual Funds?
Mutual Fund units are exempt from Wealth Tax.
For Non-Residents
Capital Gains under Section 112 of the Income Tax Act, 1961 & Tax Deduction at Source (TDS)
Redemptions/Exchanges/Switches by non-residents will be subjected to tax deduction at source at the rates in force and certificates for tax deducted will be issued.
|
01. |
Long Term Gains of Equity Schemes |
Tax 0% |
Tax Deduction (TDS) 0% |
|
02. |
Short Term Gains of Equity Schemes |
Tax 10% |
TDS 10% |
|
03. |
Long Term Gains of Debt / Hybrid Schemes |
Tax 10% |
TDS 20% |
|
04. |
Short Term Gains of Debt / Hybrid Schemes |
Tax 0% to 30% |
TDS 30% |