Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Thursday, 29 December 2016

NRI & Merchant Navy Personnel Tax Implication

 

Tax implication on debt funds for merchant navy personnel


For merchant navy personnel the tax treatment will be similar to that of an NRI



For merchant navy personnel the tax treatment will be similar to that of an NRI which is as follows


Long term capital gains (holding period of more than 3 years) 


Listed debt funds are taxed at 10% without indexation or 20% with indexation whichever is lower but the fund house will deduct TDS at flat rate of 20%. 


Unlisted debt funds are taxed at 10% without indexation.


Short term capital gains (holding period of less than 3 years)


Debt funds are taxed as per your income tax slab, but the TDS is deducted at the highest applicable rate of 30%, irrespective of what tax slab you belong to.





------------------------------------------
Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact Prajna Capital on 94 8300 8300

--------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Call us on 94 8300 8300

---------------------------------------------

 

3 comments:



  1. Thank you for sharing such great information. It is informative, can you help me in finding out more detail on Best Tax Saving Plan, i am interested and would like to know more about this field and wanted to understand the basics of Best Tax Saving Plans

    ReplyDelete
  2. Thank you for sharing such great information.
    It is informative, can you help me in finding out more detail on
    nri interest rates.

    ReplyDelete
  3. Thanks for sharing a part of your expertise through this blog
    nri interest rates

    ReplyDelete

Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts