Ch.9 · Systematic Transactions — SIP, SWP, STP · hard

What is the TDS rate on short-term capital gains from equity mutual fund redemptions for an NRI?

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EXPLANATION

NRI investors face TDS at 20% on STCG from equity mutual funds (Section 111A), plus applicable surcharge and cess. Note: Post July 2024 Budget, the STCG rate for equity is 20% (increased from 15%).

A.10%

B.20% [✓ Correct]

C.15%

D.30%

EXPLANATION

NRI investors face TDS at 20% on STCG from equity mutual funds (Section 111A), plus applicable surcharge and cess. Note: Post July 2024 Budget, the STCG rate for equity is 20% (increased from 15%).

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