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Monday, December 12, 2016

TDS on Mutual Funds for NRIs




In case of unlisted mutual funds, TDS is applicable for NRIs at the rate of 10% without indexation benefit. Birla Sunlife Income Plus is a debt fund, which means that if you redeem it after 3 years, long-term capital gains tax at the rate of 20% (with indexation benefit) will apply.


Therefore, you will still need to pay the balance tax after deducting the TDS which you have already paid.


All open-end funds are unlisted as they do not trade on an exchange. Closed-end funds and ETFs are usually listed and can be traded on a stock exchange.







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1. BNP Paribas Long Term Equity Fund

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6. ICICI Prudential Long Term Equity Fund

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8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. Birla Sun Life Tax Plan

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