07 June 2011
sir, one of my client She is non resident. She got the TDS certificate for deducting tax @20% from sundaram BNP paribas mutual fund for repurchase of units.whether income credited is to be taken as capital gain or income from other sources. what is the treatment for repurchase of units? what is applicable tax rate for her?
07 June 2011
THIS IS CAPITAL GAIN ITS EXEMPT IF THE FUND IS EQUITY ORIENTED FUND AND GAIN IS LTCG APPLICABLE TAX RATE IS 20 PERCENT IF LTCG IT IS 15 PERCENT IF STCG
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