Tax on Debt MF Returns

POSTED BY SIVA PRASAD RAVIRALA ON November 24, 2012 10:24 pm COMMENTS (2)

Dear Experts,

I want to invest in Debt Mutual Funds.  When I sell the Debt MF, will I get the money after deducting Income Tax applicable on those returns OR I have to show that Income in my IT Return form and pay tax.

Please clarify

R Siva Prasad

 

2 replies on this article “Tax on Debt MF Returns”

  1. SIVA PRASAD RAVIRALA says:
    November 26, 2012 at 5:07 pm

    Thank You Sir

    Reply
  2. Manish Chauhan says:
    November 25, 2012 at 1:03 pm

    You will have to pay the tax yourself on that . there is no concept of TDS in those kind of products !

    Reply

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