• Notification Date: 24-01-2022
• Notification No: N/A

5 Important Things to Know about TDS on Mutual Funds Income

The five important points that are to be noted about the income coming from Mutual Funds are –

1) 7.5% TDS is charged on Mutual fund dividends in excess of Rs.1 to 5,000.

2) TDS is applicable on dividend payout, dividend reinvestment, and dividend transfer plan.

3) For domestic investigators, TDS is not applicable to capital gains.

4) 30% TDS will be charged on capital gains for NRIs on short-term capitals and 20% TDS will be charged for long-term capital gains.

5) To avoid TDS, form 15G/15H can be submitted where applicable.