(Courtesy HDFC Securities) In the FY14 Budget, the Finance Minister has proposed to increase the Dividend Distribution Tax (DDT) on Debt Mutual Funds (other than liquid and money market funds on which the DDT was already 25%) from 12.5% to 25% (plus surcharge and cess) for individuals and HUFs. The hike is proposed to provide uniform taxation for all types of funds other than equity oriented mutual funds in the Mutual Fund Industry. This amendment will take effect from 1st June, 2013. Classification of Funds: As far as tax implications on Indian mutual funds are concerned, they are classified as three parts as ‘Equity...
April 27, 2013
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