Comment on Updates - June 2015

Nithin Kamath commented on 16 Jul 2015, 08:26 AM

1/2. No TDS on any of this. You have to declare the income and pay taxes accordingly. Check this module http://zerodha.com/varsity/module/markets-and-taxation/. For all non equity funds (liquid or debt or corporate bonds), long term capital gain is 20% after indexation benefit. Short term gain is taxes as per the IT bracket you fall in.
3. Currently mutual funds can’t be be bought/sold/pledged. You can only trade and pledge the ETF’s like Niftybees, Bankbees and etc. To pledge, send an email to [email protected] asking to pledge.

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