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  • BSE Sensex: 80737.51 -0.78%
  • BSE 500: 35647.66 -0.59%
  • BSE 200: 11167.19 -0.67%
  • BSE 100: 25757.62 -0.73%
  • BSE MidCap: 45159.96 -0.52%
  • BSE SmallCap: 52563.44 -0.07%
  • BSE BANKEX: 62721.6 -0.89%
  • BSE IT: 36434.48 -0.67%
  • Nifty 50: 24542.5 -0.70%
  • Nifty 500: 22711.3 -0.54%
  • Nifty 200: 13719.9 -0.64%
  • Nifty 100: 25162.05 -0.68%
  • Nifty Midcap 100: 57517.1 -0.45%
  • Nifty Small 100: 18114.15 0.10%
  • Nifty IT: 36814.9 -0.67%
  • Nifty PSU Bank: 7084.05 -0.59%
News:
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  • Texmaco Rail bags Rs 122-cr or...
  • Yes Bank Ltd leads losers in A...
  • Garment Mantra Lifestyle Ltd P...
  • HCL Tech joins hands with UiPa...
  • Euro to INR: 97.07 0.06%
  • Pound to INR: 115.07 -0.10%
  • Yen to INR: 0.59 -0.04%
  • Dollar to INR: 85.54 0.05%
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No, TDS will not be deducted on Dividend payments for both Resident as well as NRI's, since  As per Section 10(35) of the Income Tax Act, 1961, income received from mutual fund units specified under Section 10(23D) is exempt from income tax in India and the mutual funds are subject to deduction of distribution tax in debt oriented schemes. Hence all dividends are tax-free in the hands of non-resident investors and no TDS is applicable on the same

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