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  #1  
Old 3rd August 2013, 11:53 AM
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Default Tax on Ultra Short Term Mutual Funds



Hi all,

I want to know the tax details on ultra short term mutual funds.

Is the dividends received from such funds taxable?

How much is the tax on the capital gains from such funds, if the holding period is over 1 year?

Currently I am holding two funds HDFC cash management treasury advantage and IDFC ultra short term fund. Are these two funds comes under ultra short term category?

I am getting confused as the tax implications are different for different categories of funds.

Please help me on this.

Thanks,
Noob
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  #2  
Old 3rd August 2013, 12:13 PM
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I am not sure if it is correct, but you can go through this:

HDFC Mutual Fund > Investor Corner
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  #3  
Old 3rd August 2013, 12:22 PM
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This means there is no tax on dividends received for any fund (equity/non-equity).

And capital gain tax for non-equity funds are 11%.

But is this 11 % tax same for all the tax brackets? or is it just for below 5 lakh category?

Or is this 11 % tax paid in addition to the normal 10%/20%/30% tax paid (depending on individual tax bracket) on income?
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