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TDS on Debt Mutual Funds

  

 

TDS applicable on Debt Mutual Funds


For capital gains, you are required to show the income and pay taxes, if any, when you file your returns


Resident Indian


As a resident Indian, there will be no TDS when you sell/redeem your units. You are required to show the income and pay taxes, if any, when you file your returns.


NRIs

However, for a non-resident Indian, while the tax laws remain the same for capital gains, TDS will be deducted, at the applicable rates, at the time of redemption.


Long Term capital gains
In debt funds, any capital gains made on holding periods more than 36 months are treated as long term and taxed at 20 per cent with indexation.


Short Term capital gains


In debt funds, any capital gains made on holding periods Less than 36 months are treated as Short term






On short-term capital gains, you are taxed at your normal income slab rate.


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