what are the tax implications for mutual funds investment in India?
Question by ssss: what are the tax implications for mutual funds investment in India?
Best answer:
Answer by apurav a
Mutual Funds at the time of investment are subject to a deduction from the total income u/s 80C. up to an amount of Rs. 1lac per year.
Also they are tax free on maturity or on sale if redeemed after one year from the time of purchased.
Also if they distribute any bonus or dividend then they are tax free.
For more contact me at agarwalapurav@yahoo.co.in
What do you think? Answer below!
Equity oriented mutual funds are charged as follows for a period of investment of less then 1 year 10% (alternate tax) for a period of >1 year nill All divedends are tax free
The old addage is: “Keep your debts public, and your assets private.” Secrecy is your best defense.
You got that right.Indian National Congress made a big mess in the name of political correctness. We Indians are concerned only about our rights and not our duties.
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