WorksheetsSWP, Dividend and Taxation
Total questions: 20
Worksheet time: 10mins
NRI's Equity taxation rates are same as Resident Individuals.
True
FALSE
How much TDS is deducted from Dividend income above 5000 in a Financial Year
5%
7.5%
10%
15%
Loss on SWP is not subject to TAX
True
FALSE
Taxes on capital gains arising from scheme's is deducted before paying the redemption amount to a individual investor
True
FALSE
In case of STCG what tax rate is applicable for equity schemes?
10 % on gain above Rs 1 lakhs
15%
20 % with indexation benefit
As per the tax slab applicable to Investor
In case of STCG what tax rate is applicable for Debt schemes?
10 % on gain above Rs 1 lakhs
15%
20 % with indexation benefit
As per the tax slab applicable to Investor
In case of LTCG what tax rate is applicable for equity schemes?
10 % on gain above Rs 1 lakhs
15%
20 % with indexation benefit
As per the tax slab applicable to Investor
In case of LTCG what tax rate is applicable for Debt schemes?
10 % on gain above Rs 1 lakhs
15%
20 % with indexation benefit
As per the tax slab applicable to Investor
In the IDCW option entire cash flow is taxable to investor
True
FALSE
How much tax is levied on IDCW paid to a investor?
10%
15%
As per the TAX slab
20 % with indexation benefit
Indexation benefits are applicable to debt schemes only
TRUE
FALSE
In SWP only gains are Taxed
TRUE
FALSE
IDCW is taxed in _______
Rising Markets
Falling Markets
Even when there is no redemption from the scheme
All of the above
How much is the cess % charged for taxation in mutual funds?
4%
2%
10%
6%
If the Investment amount is rs 5000 in ICICI Prudential Value Discovery Fund and after 5 years the valuation is rs 10000, but the investor has not redeemed the amount then, What will be the capital gain tax applicable to the investor?
No tax since the ltcg on equity is exempt
No tax since the capital gain is less than 1lac
No tax since the gain is unrealised
None of the above
How much short term capital gain TAX is charged to a NRI investor incase of Debt Schemes?
30%
Debt
No Tax applicable
None of the above
Indexation benefits are not applicable to NRI investors
True
FALSE
What is the TDS on Dividend on for NRI Investors
20% with Indexation
20% + Surcharge37% + Cess 4%
NIL
15 % + Surcharge 40%
Surcharge is common for Equity and Debt Schemes
True
FALSE
The changes in Taxation for Dividend Payout (IDCW) was enforced from
31st March, 2021
1st April, 2021
1st April, 2020
None of the above
