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 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.

View the full comment thread »