TAX CONDITION IN DEBT FUNDS

POSTED BY Jig ON November 25, 2011 5:39 pm COMMENTS (2)

Hello,
Can NRI start investing in Debt funds. if Yes,I would like to Invest in Birla Sun Life 95 funds. what will be the tax implications for NRI for debt fund investments?
Thanks

2 replies on this article “TAX CONDITION IN DEBT FUNDS”

  1. Dear Jig, just an small correction in dear solnaki Jitendr’a reply the STCG from Birla 95 ‘ll be classified as STCG from Eq. fund & the rate ‘ll be 15.45%.

    Thanks

    Ashal

  2. jitendra solanki says:

    Yes NRI can invest in debt funds.

    Tax implication for them is

    Short term Gain 33.99%
    Long term gain 22.66%

    However Birla Sun life 95 is a balanced MF scheme and will attract taxation of equity.

    Short Term 11.22

    Long Term 0

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