Anonymous (-) (279 Points)
30 May 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 30 May 2017
Yes, when paid to unit holders; as DDT liability is over asset company. For equity oriented funds it is nil, so no tax deducted before the distribution.
Anonymous
(-)
(279 Points)
Replied 30 May 2017
DDT is not paid incase of Money mkt & liquid schemes/ Debt Schemes?
It is mentioned "Tax on distributed income (payable by the scheme) rates , Money market and Liquid schemes , 25% + 12% Surcharge + 3% Cess= 28.84%"
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 31 May 2017
Yes, The DDT is to be paid by asset company as applicable to the debt fund, but for unit holders it is taxfree (whatever be the scheme).
CAclubindia
