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TAXATION OF DEBIT FUNDS

Posted @ August 28, 2012, 5:28 am under (Income Tax Updates)

 

Taxation of dividends of debt mutual funds
 
All dividends received from debt mutual funds are tax free in the hands of the investor(Individual/HUF). One does not gave to pay any tax on it.
 
 
Capital Gain Taxation
 
The long term gain is taxed at 10% without indexation and 20% with indexation.
The short term capital gain is added to the taxable income of the individual and taxed according to applicable tax slab.
 
Plus 3% Education Cess in both cases.

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