InvestorQ : Will dividends on equity mutual funds be subject to TDS and what about capital gains?
Archita Jajjoo made post

Will dividends on equity mutual funds be subject to TDS and what about capital gains?

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Rashi Mehra answered.
8 months ago
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The Central Board of Direct Taxes (CBDT) has already clarified that the 10% TDS shall only be applicable on the dividends declared by the dividend plans and not by the capital gains generated by growth plans. There will be no TDS on growth plans and the onus is on the investor to file her tax returns accordingly. When the investor files the returns, they can claim credit for the TDS deducted.

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