Tax FAQs
Common questions about Tax, answered in plain language.
How are mutual fund gains taxed?
It depends on the type of fund and how long you hold it. We would be happy to discuss the applicable tax implications with you; for advice on your own position, please consult a tax adviser.
Is tax deducted when I redeem a mutual fund?
For resident investors, no tax is deducted on capital gains when you redeem — you report the gain and pay tax when you file your return. TDS applies to redemptions by NRIs, and to dividends above the threshold.
What is ELSS?
An Equity Linked Savings Scheme is an equity mutual fund with a three-year lock-in. Investments qualify for deduction under Section 80C, up to the overall limit, if you use the old tax regime.
Where can I get a statement for my tax return?
Capital gains statements are available through your investor login, and we can help you obtain a consolidated statement. For advice on your tax position, please consult a tax adviser.
Other topics
Didn't find your answer?
Ask us. We're happy to explain.