Articles in “Taxation” category
136 articles.
2026 (136)
- How to link PAN with Aadhaar on the Income Tax portal
Step-by-step procedure to link PAN with Aadhaar on incometax.gov.in, including the Rs 1,000 e-Pay Tax fee, the Link Aadhaar request, OTP validation, and …
- Income tax in India
Income tax in India under the Income-tax Act 2025: tax year 2026-27 slabs, the Rs 12 lakh rebate, old and new regimes, deductions, TDS, return dates, appeals.
- Permanent Account Number
PAN under the Income-tax Act 2025: the 10-character format, Rule 159 transactions, Aadhaar linking and inoperative PAN, 20% TDS without PAN, and PAN 2.0.
- Parag Parikh ELSS Tax Saver Fund
Parag Parikh ELSS Tax Saver Fund, PPFAS's ELSS since 24 July 2019: Rs 5,400.57 crore AUM, three-year lock-in, and the section 123 deduction of the 2025 Act.
- Systematic Withdrawal Plan (SWP)
SWP in Indian mutual funds: SEBI cut-off and payout rules, AMC minimums and notice periods, exit load, tax under the Income-tax Act 2025, and SWP versus IDCW.
- How to compute LTCG on PPFCF with grandfathering
Step-by-step guide to computing Section 112A long-term capital gains on Parag Parikh Flexi Cap Fund (PPFCF) redemptions, covering the grandfathered-cost …
- Capital gains tax in India
Capital gains tax in India under the Income-tax Act 2025: holding periods, rates by asset, equity and debt fund rules, buyback and SGB changes, loss set-off.
- Grandfathering rule for LTCG on listed equity
Encyclopedic reference on the LTCG grandfathering rule under Section 55(2)(ac) of the Income Tax Act, 1961: the 31 January 2018 fair-market-value substitution, …
- Section 111A of the Income Tax Act
Section 111A, now section 196 of the Income-tax Act 2025, taxes short-term gains on STT-chargeable equity, equity fund and REIT or InvIT sales at 20 per cent.
- Section 112A of the Income Tax Act
Section 112A, now section 198 of the Income-tax Act 2025, taxes long-term gains on STT-paid shares, equity funds, REITs and InvITs at 12.5% above Rs 1.25 lakh.
- How to compute LTCG with grandfathering on Zerodha
Step-by-step guide to applying the grandfathering rule for long-term capital gains on listed equity held before 31 January 2018, using Zerodha Console data and …
- LTCG on equity mutual funds (Section 112A)
Section 112A taxes long-term capital gains on equity-oriented mutual funds at 12.5% above Rs 1.25 lakh (Finance Act 2024). Grandfathering, no indexation, and …
- Taxation of equity mutual funds in India
Comprehensive guide to equity mutual fund taxation in India: STCG at 20%, LTCG at 12.5% under Finance Act 2024, STT requirement, grandfathering, ELSS, and …
- How to track TCS on foreign remittance for mutual fund purposes
Step-by-step procedure for tracking and claiming TCS (Tax Collected at Source) on foreign remittance under LRS for mutual fund / investment purposes. Covers TCS …
- Foreign Exchange Management Act (FEMA)
FEMA 1999 from the Act and RBI texts: current and capital account rules, the USD 250,000 LRS limit, TCS from April 2026, NRE and NRO accounts, penalties.
- How to compute slab-rate tax on PPFAS Liquid Fund (post Finance Act 2023)
Step-by-step guide to computing slab-rate capital-gains tax on Parag Parikh Liquid Fund and other PPFAS debt-oriented schemes for investments made on or after 1 …
- How to compute STCG on PPFAS equity schemes
Step-by-step guide to computing Section 111A short-term capital gains on Parag Parikh PPFAS equity-oriented mutual fund redemptions, covering the FIFO …
- SGB tax treatment on Zerodha
Sovereign Gold Bond tax: coupon taxed as interest; maturity gain exempt only for original subscribers from 2026-27; secondary market sales taxed as capital …
- Capital gains tax on equity in India: complete guide
Comprehensive guide to capital gains tax on listed Indian equity and equity mutual funds: STCG at 20 per cent under Section 111A, LTCG at 12.5 per cent above Rs …
- Buyback taxation: the 2024 deemed-dividend reform
From 1 October 2024 the Finance (No. 2) Act 2024 taxed buyback proceeds as deemed dividend in the shareholder's hands at slab rate under Section 2(22)(f), with …
- How to update the TIN on a Zerodha account
Update your Tax Identification Number (TIN) on Zerodha through the FATCA declaration when you are a foreign tax resident. Here is where, how, and why the email …
- How to find your name and date of birth exactly as per PAN
How to find your exact name and date of birth as per PAN on the Income Tax portal, why KYC name-match fails, the Verify Your PAN Status route, and how to …
- How to compute LTCG on equity mutual funds (Section 112A)
Step-by-step guide to computing long-term capital gains (LTCG) on equity-oriented mutual funds in India under Section 112A: the FIFO unit-attribution method, …
- STT hike on F&O (October 2024)
Effective 1 October 2024, the Securities Transaction Tax on options selling was raised from 0.0625 per cent to 0.1 per cent on premium and on futures selling …
- Futures and options taxation in India
Encyclopedic reference on the taxation of futures and options (F&O) in India: classification as non-speculative business income under Section 43(5)(d), turnover …
- How to claim STT rebate or credit in India
Explains the status of Securities Transaction Tax as a deductible expense for business income traders vs a non-creditable levy for investors, how to report STT …
- How to compute turnover for F&O audit under section 44AB
Step-by-step guide to computing F&O trading turnover using the ICAI absolute-profit-loss method, determining tax-audit applicability under section 44AB, and …
- How to declare F&O as business income in India
Detailed guide to declaring futures and options trading income as non-speculative business income in ITR-3, including applicable sections, turnover computation, …
- ITR-3 (Income Tax Return)
ITR-3 is the Indian income tax return form for individuals and HUFs with business or professional income, including traders with F&O activity treated as.
- Securities Transaction Tax (STT)
Securities Transaction Tax (STT) is India's transaction-level levy on listed securities trades, introduced by the Finance Act 2004 and last revised upward...
- 54EC bonds on Zerodha
Section 54EC capital-gains bonds (REC, PFC, NHAI) on Zerodha. Eligibility, 6-month window, and Rs 50 lakh cap.
- G-Sec taxes on Zerodha
Tax treatment for G-Sec holdings on Zerodha: coupon income taxed at slab rate; capital gains on sale taxed per holding period.
- Quicko integration with Zerodha
Quicko connects directly to Zerodha Console to auto-import trading P&L, capital gains, dividends, and F&O data for ITR filing.
- Quicko ITR for Zerodha P&L
Use Quicko to file ITR with Zerodha equity, F&O, and intraday P&L. Auto-import, capital gains classification, and tax computation.
- Quicko tax-loss-harvesting tool
Quicko's tax-loss-harvesting tool identifies opportunities to offset short-term and long-term capital gains by realising losses on other holdings.
- Quicko vs ClearTax
Compare Quicko and ClearTax for ITR filing in India. Strengths in F&O / capital gains, pricing, and CA assistance.
- What is Quicko
Quicko is a tax filing and tax planning platform for Indian investors and traders. Specialises in ITR filing for F&O, equity, and crypto.
- Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
Zerodha ELSS scheme: a passive Section 80C tax saver tracking Nifty LargeMidcap 250 with 3-year lock-in.
- Direct-to-regular plan switch implications
Switching from a direct plan to a regular plan (or vice versa) is a taxable event in Indian mutual funds. Covers the deemed redemption + subscription treatment, …
- FoF tax (revised 2024)
The 2024 revised Fund-of-Funds tax framework introduced explicit clarity on FoF taxation: schemes investing predominantly in equity-oriented domestic mutual …
- FoF tax harmonisation
FoF tax harmonisation refers to the broader process of aligning mutual fund Fund-of-Funds taxation with the underlying scheme treatment, which evolved through …
- Gold and Silver ETF tax (India)
Gold ETFs, Silver ETFs, and their Fund-of-Funds wrappers are taxed in India per the post-2023 debt-MF framework: all gains at the investor's slab rate, with no …
- GST on mutual fund management fees
GST at 18% applies to mutual fund management fees paid by the AMC to itself as part of the Total Expense Ratio. The GST is embedded within the disclosed TER and …
- How to apply the grandfathering rule for LTCG on pre-2018 mutual fund holdings
Step-by-step procedure for applying the grandfathering rule for long-term capital gains on mutual fund units acquired before 31 January 2018. Covers the …
- How to build a tax-saving ELSS portfolio (Section 80C)
Step-by-step playbook for building an ELSS portfolio that maximises Section 80C tax savings while delivering long-term equity returns. Covers scheme selection, …
- How to carry forward mutual fund capital losses
Step-by-step procedure for carrying forward unutilised mutual fund capital losses across financial years. Covers Schedule CFL, the 8-year window, ITR filing …
- How to choose between Growth and IDCW option
Step-by-step guide to choosing between Growth and IDCW (Income Distribution cum Capital Withdrawal) option for a mutual fund. Covers tax implications, …
- How to choose between old and new tax regime as a mutual fund investor
Step-by-step decision framework for choosing between the old and new tax regimes as a mutual fund investor. Covers 80C / 80CCD / HRA implications, breakeven …
- How to choose the right ITR form for mutual fund investors
Step-by-step procedure for selecting the correct ITR form when filing returns with mutual fund holdings. Covers ITR-1, ITR-2, ITR-3, ITR-4 applicability and the …
- How to claim ELSS Section 80C deduction in ITR
Step-by-step procedure for claiming Section 80C deduction on ELSS investments in ITR. Covers Rs 1.5 lakh combined limit, Schedule 80C entry, proof requirements, …
- How to claim NPS Section 80CCD deduction in ITR
Step-by-step procedure for claiming NPS contributions as deductions under Sections 80CCD(1), 80CCD(1B), and 80CCD(2) in ITR. Covers the Rs 50k additional cap, …
- How to claim TDS on mutual fund dividend in ITR
Step-by-step procedure for claiming TDS deducted on mutual fund dividend (IDCW) as a credit in ITR. Covers Section 194K mechanics, Form 26AS reconciliation, and …
- How to claim TDS under Section 194K on mutual fund income in ITR
Step-by-step procedure for claiming Section 194K TDS on mutual fund income (IDCW, sometimes capital gains) as tax credit in ITR. Covers TAN identification, …
- How to compute AIF tax in the context of mutual funds
Step-by-step procedure for understanding AIF (Alternative Investment Fund) taxation as it relates to mutual fund investors. Covers Category I/II/III AIFs, …
- How to compute debt mutual fund tax (post Finance Act 2023)
Step-by-step procedure for computing debt mutual fund tax post Finance Act 2023. Covers Section 50AA framework, slab-rate treatment, indexation removal, the …
- How to download mutual fund tax statement (capital gains)
Step-by-step procedure for downloading mutual fund tax statement (FY-wise capital gains statement). Covers AMC portal, CAMS/KFin, MFU, MF Central, and the use …
- How to file ITR as NRI with mutual fund holdings
Step-by-step procedure for filing Income Tax Return (ITR) as NRI with Indian mutual fund holdings. Covers form selection, residential status reporting, capital …
- How to fill Schedule CG for mutual fund capital gains
Step-by-step procedure for filling Schedule CG in ITR-2 for mutual fund capital gains. Covers each sub-section (A1, A2, B1, B2), data entry from AMC statements, …
- How to fill Schedule OS for mutual fund dividend (IDCW) in ITR
Step-by-step procedure for reporting mutual fund dividend (IDCW) income in Schedule OS of ITR. Covers IDCW as 'Income from Other Sources', Section 194K TDS, and …
- How to handle ELSS lock-in expiry
Step-by-step procedure for handling ELSS lock-in expiry. Covers per-tranche unlock logic, hold vs redeem decision, tax treatment, and the rolling-ladder …
- How to handle foreign mutual fund investments in ITR
Step-by-step procedure for reporting foreign mutual fund holdings (international FoF, direct foreign funds) in ITR. Covers Schedule FA disclosure, debt-mode tax …
- How to handle HUF tax on mutual fund investments
Step-by-step procedure for handling HUF (Hindu Undivided Family) tax on mutual fund investments. Covers separate HUF ITR, capital gains attribution, Section …
- How to handle mutual fund IDCW tax
Step-by-step guide to handling tax on IDCW (Income Distribution cum Capital Withdrawal) from mutual funds. Covers Section 194K TDS, slab-rate income, ITR …
- How to handle STP tax in ITR (mutual fund)
Step-by-step procedure for reporting STP (Systematic Transfer Plan) transactions in ITR. Covers per-installment capital gain on source, new cost basis for …
- How to handle switch tax in ITR (mutual fund)
Step-by-step procedure for reporting mutual fund switch transactions in ITR. Covers the deemed redemption + subscription mechanics, capital gain computation, …
- How to handle SWP tax in ITR (mutual fund)
Step-by-step procedure for reporting SWP (Systematic Withdrawal Plan) redemptions in ITR. Covers per-installment capital gain computation, FIFO order, and the …
- How to handle trust tax on mutual fund investments
Step-by-step procedure for handling trust tax on mutual fund investments. Covers private trust pass-through (Section 161), indeterminate-beneficiary tax …
- How to reconcile Form 26AS with mutual fund transactions
Step-by-step procedure for reconciling Form 26AS and AIS with your mutual fund transactions before filing ITR. Covers TDS verification, AMC mapping, and …
- How to report mutual fund capital gains in ITR
Step-by-step procedure for reporting mutual fund capital gains in ITR. Covers Schedule CG, LTCG / STCG classification, equity vs debt mode, grandfathering, and …
- How to revise an ITR with mutual fund corrections
Step-by-step procedure for revising an ITR to correct mutual fund capital gains, dividend, or 80C entries. Covers the revised-return window, original-vs-revised …
- How to select an ELSS (tax-saver) mutual fund
Step-by-step playbook for selecting an ELSS (equity-linked savings scheme) mutual fund. Covers SEBI categorisation, 3-year lock-in mechanics, scheme selection …
- How to set off mutual fund capital losses in ITR
Step-by-step procedure for setting off mutual fund capital losses against capital gains in ITR. Covers same-FY offset rules (Section 70/71), short-term vs …
- International fund tax (India)
International mutual funds and Fund-of-Funds investing in foreign equities are taxed in India per the post-2023 debt-MF framework, regardless of the …
- Section 194K of the Income Tax Act
Section 194K of the Income Tax Act 1961 mandates 10% TDS on IDCW (dividend) distributions from mutual fund schemes to resident individuals, where aggregate IDCW …
- Stamp duty on mutual funds (2020+)
Stamp duty on mutual fund transactions in India was introduced from 1 July 2020 at 0.005% on subscriptions / unit purchases. Covers the framework, the …
- Switch as a taxable event
A switch in Indian mutual funds (transferring units from one scheme to another) is treated as a taxable event by the Income Tax Department: the existing units …
- Bonus stripping under Section 94(8) of the Income Tax Act
Section 94(8) of the Income Tax Act 1961 is an anti-avoidance rule preventing bonus stripping by disallowing capital losses when securities/units are purchased …
- Capital gains statement for mutual funds
A mutual fund capital gains statement is the AMC/RTA-issued report listing realized capital gains for a specified financial year, with LTCG and STCG classified …
- Dividend stripping under Section 94(7) of the Income Tax Act
Section 94(7) of the Income Tax Act 1961 is an anti-avoidance rule preventing dividend stripping by disallowing capital losses when securities/units are …
- Form 26AS for mutual fund TDS
Form 26AS is the Income Tax Department's consolidated TDS statement showing all tax deducted at source against a taxpayer's PAN. For mutual fund investors, it …
- Grandfathering of ELSS and equity MF gains pre 31 January 2018
The 31 January 2018 grandfathering rule establishes the closing NAV of 31 January 2018 as the deemed cost basis for LTCG computation on equity mutual fund units …
- GST on mutual fund management fees
Goods and Services Tax (GST) at 18 per cent applies on mutual fund management fees and other service charges. Covers the GST framework, its impact on TER, and …
- ITR-ready statement for mutual funds
An ITR-ready statement is a comprehensive mutual fund tax document combining capital gains, dividend income, TDS details, and holding information in a single …
- Mutual fund taxation in India: complete guide
Comprehensive guide to mutual fund taxation in India: equity-oriented schemes under Section 111A and Section 112A, debt mutual funds post-April-2023 reform, …
- SEBI Fund of Funds taxation harmonisation (2023)
The 2023 FoF taxation harmonisation refers to the Finance Act 2023 amendment that aligned Fund of Funds (FoF) tax treatment with the underlying scheme …
- Section 54F: mutual fund redemption and residential house investment
Section 54F of the Income Tax Act 1961 provides exemption from long-term capital gains tax when the entire net consideration from sale of long-term assets …
- Section 80C of the Income Tax Act 1961
Section 80C of the Income Tax Act 1961 provides a deduction of up to Rs 1.5 lakh per financial year against various tax-saving investments including ELSS, PPF, …
- Securities Transaction Tax (STT) on equity mutual funds
Securities Transaction Tax (STT) is a tax on equity transactions that applies to equity-oriented mutual fund redemptions and equity ETF transactions. Covers the …
- SIP taxation and FIFO redemption ordering
SIP taxation in India uses First-In-First-Out (FIFO) redemption ordering, where each SIP instalment creates a separate lot with its own purchase date and NAV. …
- STP taxation in mutual funds
STP (Systematic Transfer Plan) taxation in India treats each transfer as a redemption from source plus subscription to target, creating taxable capital-gains …
- SWP taxation in mutual funds
SWP (Systematic Withdrawal Plan) taxation in India uses FIFO redemption ordering with each withdrawal generating capital gains tax based on the difference …
- TDS on NRI mutual fund redemption (Section 195)
Section 195 of the Income Tax Act mandates TDS on mutual fund redemption proceeds paid to Non-Resident Indians (NRIs). Covers the TDS rates by scheme type and …
- How to download a PPFAS capital-gains statement for ITR
Step-by-step guide to downloading the financial-year capital-gains statement for Parag Parikh PPFAS Mutual Fund holdings through selfinvest.ppfas.com, covering …
- Annual Information Statement
Encyclopedic reference on the Annual Information Statement (AIS) of the Indian Income Tax Department: statutory anchor, data sources, AIS-TIS structure, mutual …
- Commodity Transaction Tax (CTT)
Encyclopedic reference on the Commodity Transaction Tax (CTT) levied on non-agricultural commodity derivative transactions on recognised commodity derivative …
- Section 44AB of the Income Tax Act
Encyclopedic reference on Section 44AB of the Income Tax Act, 1961, the principal tax-audit provision under Indian direct tax law. Covers the audit thresholds …
- Tax-aware portfolio management at PPFAS
Encyclopedic reference on tax-aware portfolio management as practised at PPFAS Mutual Fund. Covers the low turnover discipline (typically below 25 per cent …
- AIS / TIS mapping for MF transactions
Annual Information Statement (AIS) and Tax Information Summary (TIS) capture all MF transactions reported by fund houses. Reconciliation steps to avoid …
- AIS for mutual fund transactions in India
The Annual Information Statement (AIS) aggregates all mutual fund purchase, redemption, and dividend transactions reported to the Income Tax Department by RTAs …
- Bonus stripping disallowance (Section 94(8))
Section 94(8) disallows a capital loss on original mutual fund units where bonus units were received and the original units are sold within 9 months at a loss. …
- CAMS and KFin capital gains statement for mutual funds
The CAMS and KFin capital gains statement is a tax computation report generated by the two major mutual fund RTAs that applies FIFO to compute short-term and …
- Debt mutual fund indexation removal, Finance Act 2023
The Finance Act 2023 (for FY2023-24) removed the indexation benefit and concessional 20 percent long-term capital gains tax rate on debt mutual funds, taxing …
- Dividend stripping disallowance (Section 94(7))
Section 94(7) disallows a capital loss on mutual fund units bought within 3 months before and sold within 9 months after the IDCW record date, to the extent of …
- DTAA benefit for NRI MF investors
NRI mutual fund investors can reduce Indian TDS on capital gains and IDCW by invoking applicable DTAA provisions. TRC, Form 10F, and country-wise rate …
- Form 26AS -- TDS on mutual fund dividends in India
Form 26AS reflects TDS deducted under Section 194K on mutual fund dividend (IDCW) payouts exceeding Rs 5,000 per financial year from a single AMC, and is a key …
- Grandfathering of LTCG on equity MFs (31 January 2018)
The 31 January 2018 grandfathering provision under Section 55(2)(ac) shields pre-2018 equity mutual fund gains from LTCG tax. Computation method, NAV lookup, …
- How to compute dividend tax on Zerodha
Step-by-step guide to identifying dividend income from Zerodha holdings and Coin mutual funds, computing the taxable dividend, reporting it under the income …
- How to do tax-loss harvesting on Zerodha at year-end
Step-by-step guide to identifying unrealised losses in Zerodha holdings, executing tax-loss harvesting trades before 31 March, and reporting harvested losses in …
- How to download Form 26AS-matching reports on Zerodha
Step-by-step guide to downloading the Zerodha Tax P&L and capital gains statement, cross-matching them with Form 26AS and AIS on the income tax portal, and …
- How to download the capital gains statement on Zerodha
Step-by-step guide to downloading the structured capital gains statement from Zerodha Console for equity delivery trades, including Finance Act 2024 rate …
- How to download the Tax P&L statement from Zerodha Console
Step-by-step guide to downloading the Tax Profit and Loss statement from Zerodha Console for a financial year, including scrip-level breakdowns for ITR filing.
- How to file ITR-2 with Zerodha capital gains
Step-by-step guide to filing ITR-2 for AY 2025-26 using the capital gains statement downloaded from Zerodha Console, covering Schedule CG, Schedule 112A, and …
- How to file ITR-3 with Zerodha F&O turnover
Step-by-step guide to filing ITR-3 for AY 2025-26 using Zerodha Console Tax P&L data, covering F&O turnover computation, Schedule BP, set-off of business …
- How to report intraday speculative income in ITR-3
Step-by-step guide to declaring intraday equity trading income as speculative business income in ITR-3, including Schedule BP entries, turnover computation, …
- How to use the Quicko integration on Zerodha Console
Step-by-step guide to connecting Zerodha Console to Quicko, importing trading data automatically, reviewing capital gains and F&O income, and filing ITR-2 or …
- HUF as MF investor
Complete reference on a Hindu Undivided Family (HUF) investing in Indian mutual funds: legal status, Karta's role, KYC documentation, eligible schemes, …
- Indexation removal for debt MFs (Finance Act 2023)
Finance Act 2023 removed the 20%-with-indexation LTCG benefit for debt mutual funds acquired from 1 April 2023. All gains are now slab-rate short-term gains …
- ITR-ready capital gains statement for mutual funds
The ITR-ready capital gains statement is a tax computation document generated by CAMS, KFintech, or MFCentral that calculates STCG and LTCG from mutual fund …
- MF switch as a taxable event
Switching between mutual fund schemes, plans, or options is treated as a redemption from the source fund followed by a fresh purchase in the destination fund. …
- SEBI debt MF taxation amendment FY24 (India)
Encyclopedic reference on the Finance Act 2023 amendments removing indexation benefit and the 20% LTCG rate for debt mutual funds in India, effective 1 April …
- Section 54F exemption on MF redemption proceeds
Section 54F exempts LTCG from mutual fund redemptions if the net consideration is invested in a new residential property within specified time limits. …
- Section 80C deduction for ELSS
ELSS (Equity-Linked Savings Scheme) investments up to Rs 1.5 lakh per year qualify for Section 80C deduction. Three-year lock-in, equity-fund LTCG on exit, and …
- STCG on equity mutual funds (Section 111A)
Section 111A taxes short-term capital gains on equity-oriented mutual funds at 20% (from 23 July 2024) where STT is paid. Scope, computation, and set-off rules …
- Taxation of arbitrage funds (equity-oriented)
Arbitrage funds maintain 65%+ equity for equity-fund tax classification: STCG at 20% (held under 12 months) or LTCG at 12.5% (held over 12 months). Post-Finance …
- Taxation of debt mutual funds (post-April 2023)
India's debt mutual fund tax regime changed fundamentally from 1 April 2023: indexation and the 20% LTCG rate were abolished; all gains are now taxed at slab …
- Taxation of Fund of Funds (revised 2024)
Finance Act 2024 harmonised FoF taxation: domestic equity FoFs investing 90%+ in equity-oriented funds now qualify as equity-oriented. Other FoFs remain …
- Taxation of gold ETFs and silver ETFs in India
Gold ETFs and silver ETFs are classified as specified mutual funds from 1 April 2023. All gains on new units are taxed at slab rates. Pre-2023 units retain 20% …
- Taxation of hybrid mutual funds in India
Tax treatment of hybrid mutual funds in India depends on whether equity allocation exceeds 65% (equity-oriented) or 35% (specified MF). Finance Act 2023 and …
- Taxation of international funds in India
International mutual funds investing primarily in overseas equity are treated as specified MFs from 1 April 2023: all gains taxed at slab rates. Older units …
- Taxation of SIPs (FIFO method)
Each SIP instalment is a separate lot with its own acquisition date. Redemptions are assigned to the earliest lots first (FIFO). Holding-period and gain …
- Taxation of STP transactions in mutual funds
Each STP transfer is a partial redemption from the source fund (taxable) and a fresh purchase in the target fund (new holding period). FIFO, STCG/LTCG, and …
- Taxation of SWP withdrawals from mutual funds
Each SWP (Systematic Withdrawal Plan) instalment is a partial redemption. FIFO determines which units are sold, and each lot's holding period determines STCG vs …
- TDS on MF dividend (IDCW) for residents (Section 194K)
Section 194K requires 10% TDS on IDCW distributions from mutual funds when the aggregate IDCW in a financial year exceeds Rs 5,000. Scope, exemptions, and Form …
- TDS on MF redemption for NRIs (Section 195)
Section 195 requires TDS on all MF redemption proceeds for NRI investors in India. Rates, DTAA relief, Form 15CA/15CB, and refund claim procedures explained.
- ITR-2 (Income Tax Return)
ITR-2 is the Indian income tax return form for resident individuals and HUFs with capital gains but no business or professional income, including equity.
- Tax treatment of listing-day gains
Tax treatment of listing-day gains on IPO shares sold on the day of stock exchange listing, including STCG classification, STT implications, and worked.