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In case of Non-resident investors (other than FIIs), the short
term / long term capital gain tax will be deducted at the respective capital
gains tax rates mentioned against each scheme in above table plus applicable
surcharge and education cess, at the time of redemption of units.
Non-resident Unit Holder can avail the benefit of Double
Taxation Avoidance Agreement (DTAA) in force with his country of residence, and
income tax / withholding tax will be applicable at the rate provided in the Act
or at the rate provided in DTAA, whichever is more beneficial to him.
However, in order to obtain the benefit of the lower rate under
the DTAA, the Unit Holder would be required to provide a tax residency
certificate from his Income tax officer stating the eligibility of the investor
to claim such benefit.
With respect to units of equity scheme, securities Transaction
Tax @ 0.25% of redemption value will be collected by the mutual fund at the
time of redemption or switch to the other schemes.
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