Hi
I want to redeem 2 of my MF portfolio which was started in 2015 .Its a direct fund.Non Debt
My question is does MF house automatically deduct LTCG from my redeemed amount ?
Fund House
Axis MF
ICICI Prudential MF
Thanks
Samrat (Student) (42 Points)
26 October 2022Hi
I want to redeem 2 of my MF portfolio which was started in 2015 .Its a direct fund.Non Debt
My question is does MF house automatically deduct LTCG from my redeemed amount ?
Fund House
Axis MF
ICICI Prudential MF
Thanks
rama krishnan
(12234 Points)
Replied 26 October 2022
Samrat
(Student)
(42 Points)
Replied 26 October 2022
Hi thanks but I want to know does the fund house deduct tax automatically ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171414 Points)
Replied 26 October 2022
If you are Resident Indian, no tax would be deducted by fund house...
Samrat
(Student)
(42 Points)
Replied 26 October 2022
Originally posted by : Dhirajlal Rambhia | ||
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If you are Resident Indian, no tax would be deducted by fund house... | ![]() |
If NRI then would tax be deducted by MF house ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171414 Points)
Replied 26 October 2022
Yes, mutual fund investments made by NRIs are subject to TDS deductions. If invested in equity funds, TDS will be deducted from your LTCG at 10%.
The same for debt and other non-equity funds is 20%.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)