Short Term Capital Gains Tax 2024 Chart. Nris will be subject to a withholding tax of 20% or the rate specified in applicable tax treaties,. The withholding tax rate on mutual fund income for resident individuals has been set at 10%.however, if the annual income from mutual funds exceeds rs.
5,000, the tax is applicable. Nris will be subject to a withholding tax of 20% or the rate specified in applicable tax treaties,.
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