Digital Information Biz

According to Indian Tax laws, your income will fall under one or more of these five heads of Income:  - Income from Salary  - Income from Property - Profits and gains from Business or profession - Capital Gains  - Income from Other sources. For Mutual funds , we are concerned with the fourth and fifth heads of the Income, " Capital Gains" and "Income from Other Sources". The Taxation Rules. Dividend :     When you invest in Mutual Funds, You have an option to pick between dividend plan and growth plan. If you've opted for the former, The dividend that you receive will be taxed under the head, "Income from other sources".This income, along with any savings bank account interest and fixed deposit interest that you might have, is taxed at the slab rate applicable to you. Pretty straight forward. - The type of mutual fund (Equity / Debt / Hybrid)  - The duration that one has held on to the fund (a.k.a Holding period, in simple words - the time period betwe...

                         The government has announced to credit interest on all the 1 crore pf account and the process seems to be started yesterday. The process will be till 1 week. Within that all the accounts will be subjected to get the interest credited.  Check your account now.  Know more about pf account :  http://digitalinfobiz.blogspot.com/2020/12/how-to-withdraw-money-from-my-pf-account.html