11 August 2010
I have invested some amount in mutual funds and they have deducted TDS on the amount invested. I want to Is amount invested in mutual funds is taxable and can I claim the TDS back.
11 August 2010
Investment in Mutual Fund is ot taxable and Mutual fund should not deduct Tax on the amount inveted by the invester. Any profit on sale of such fund is taxable depends on certaimn conditions. I think Mutal Fund has deducted entry load on the amount invested not Tax.
CAclubindia
