Tax on WebNotes

How to get invoice for Kite Connect subscription

Wed, 20 May 2026 00:00:00 +0000

To get the invoice for a Kite Connect subscription:

Conflict-of-interest disclosure. This guide is published by the WebNotes Editorial Team for informational purposes and is written independently. WebNotes operates a Zerodha account-opening referral programme, disclosed on the pages that carry the referral link; this guide does not carry it and earns no referral commission from the procedure described here.

Step-by-step procedure

Four steps per the procedure infobox.

Tax on SLB income

Wed, 20 May 2026 00:00:00 +0000

SLB lending income is generally taxed as:

Income from other sources for occasional lending.
Business income for active / professional lending.

Specifics

Aspect	Treatment
Lending fee	Taxable income
TDS	May apply (10% TDS on payments above threshold)
Set-off against losses	Per general rules
Deductible expenses	Brokerage, charges (for business income classification)

For NRI / HUF / Corporate

Specific rules apply; DTAA / FEMA framework relevant for NRI.

For complex tax situations involving SLB income, consult a Chartered Accountant before filing.

Gold and Silver ETF tax (India)

Tue, 19 May 2026 00:00:00 +0000

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 LTCG indexation benefit. The post-2023 debt mutual fund taxation reform materially changed the tax math for gold and silver ETF investors, who previously benefited from the indexation framework.

For Indian retail investors using gold ETFs or silver ETFs for portfolio diversification, the new tax treatment is a significant consideration when comparing against Sovereign Gold Bonds (SGB), physical gold, or other precious-metal vehicles.

International fund tax (India)

Tue, 19 May 2026 00:00:00 +0000

International mutual funds and Fund-of-Funds (FoF) investing in foreign equities are taxed in India per the post-2023 debt-MF framework, regardless of the underlying-fund equity content. This is one of the most consequential changes from the debt mutual fund taxation 2023 reform for investors holding international exposure through Indian mutual fund vehicles.

For Indian retail investors with US-focused , Nasdaq 100 , S&P 500 , MSCI World , or other international fund holdings, this tax treatment materially affects net returns and changes the case for international diversification through Indian MFs vs direct foreign-brokerage routes under LRS .

Switch as a taxable event

Tue, 19 May 2026 00:00:00 +0000

A switch in Indian mutual funds (transferring units from one scheme to another within the same AMC or across AMCs) is treated as a taxable event by the Income Tax Department. The existing units are deemed redeemed at the prevailing NAV, capital gains are computed, and the proceeds are deemed reinvested in the new scheme. This is true even though no cash physically flows to the investor and the move is operationally a single AMC transaction.

Gold ETF vs Sovereign Gold Bond vs Gold mutual fund

Tue, 12 May 2026 00:00:00 +0000

India offers three regulated paper-gold investment instruments: Gold ETFs (exchange-traded funds backed by physical gold), Sovereign Gold Bonds (SGBs) (government-issued bonds denominated in grams of gold), and Gold Mutual Funds (fund-of-fund schemes investing in gold ETFs). Each tracks the domestic price of 24-carat gold but differs in structure, cost, taxation, and liquidity.

Physical gold (jewellery, coins, bars) is excluded from this comparison.

Instrument overview

Gold ETF

A Gold ETF is an exchange-traded fund that holds physical gold (minimum 99.5% purity) as the underlying asset. Each unit of a Gold ETF typically represents 1 gram (or 0.01 gram for some fund-specific units) of gold. Gold ETFs are SEBI -regulated mutual fund schemes listed on NSE and BSE. A demat account is required. AMFI-registered AMCs offering Gold ETFs include Nippon India, HDFC, SBI, Axis, Kotak, UTI, and ICICI Prudential, among others.

How to track G-Sec coupon receipts on Console

Tue, 12 May 2026 00:00:00 +0000

This guide explains how to track coupon payments from Government Securities (G-Secs), Sovereign Gold Bonds (SGBs), and T-Bill maturity proceeds when holding these instruments through Zerodha’s demat account. The single most common point of confusion for new G-Sec investors on Zerodha is that coupon payments do not appear in the Kite portfolio or the Zerodha trading ledger, they are credited directly by the Reserve Bank of India (RBI) to the investor’s primary bank account.