3rd August 2013, 11:53 AM
Tax on Ultra Short Term Mutual Funds
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.