Will there be TDS when I redeem my mutual funds?
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By ET Online |
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I am investing via SIP in ICICI Prudential Value Discovery Fund for last one year. I have a doubt. If I withdraw money after 10 years, will the tax be deducted at source or will I get back the same amount as shown in my account statement.
-- Manan Deep Singh Arora
Suresh Sadagopan, chief financial planner, Ladder7 Financial Advisories, responds:
You will get the amount that you have accumulated. The capital gains tax needs to be calculated and paid by you separately.
-- Manan Deep Singh Arora
Suresh Sadagopan, chief financial planner, Ladder7 Financial Advisories, responds:
You will get the amount that you have accumulated. The capital gains tax needs to be calculated and paid by you separately.
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