How will taxation work if I withdraw from Liquid Fund after 1 yr ?

POSTED BY Jig ON December 2, 2014 5:09 pm COMMENTS (5)

Hello,

I have put my liquid amount in hdfc liquid fund. Well it is now more than a year and if i will redeem all of them now, How the taxation will be? I have invested the same with kotak securities and i am an NRI.

Thanks

5 replies on this article “How will taxation work if I withdraw from Liquid Fund after 1 yr ?”

  1. nsabhyankar says:
    December 5, 2014 at 5:26 pm

    What if the investment was done before the taxation change was announced?

    Reply
    1. Anshuk Jain says:
      December 22, 2014 at 11:58 am

      doesn’t matter

      Reply
  2. Hemanth says:
    December 3, 2014 at 11:19 pm

    After the change of debt fund taxation in recent budget, if you redeem debt fund units before 3 years, you have to pay tax as per your tax slab.

    Reply
    1. Jig says:
      December 4, 2014 at 4:08 pm

      Dear,
      How It will be treated after 3 yr?
      Also within 3 Yr period , it will be a TDS or i need to file return ? How it will be treated for NRI?
      Thanks for your reply and time.
      Jig

      Reply
      1. Hemanth says:
        December 6, 2014 at 12:21 am

        If the switch happens before 3 years then the gains should be added to your income and taxed as per slab.
        If the switch happens after 3 years then you need to pay 20% after indexation.

        TDS will not be there and u have to file ITR. Not sure about tax treatment for NRI.

        Reply

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