What are the two main categories of earnings from Mutual Funds?
"Capital gains and Interest"
"Dividends and Stocks"
"Capital gains and Dividends"
"Interest and Bonds"
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How is the tax on Mutual Fund dividends, known as Dividends Distribution Funds (DDT), levied?
"On individual investors"
"On fund houses on behalf of investors"
"On both individual investors and fund houses"
"On the underlying assets of the Mutual Fund"
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What is the holding period for short-term capital gains tax on Mutual Funds in most cases?
"Less than 6 months"
"Less than 12 months"
"Less than 24 months"
"Less than 36 months"
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What is the short-term capital gains tax rate for equity-oriented Mutual Funds sold under a recognized stock exchange and liable for STT charges?
"10%"
"15%"
"20%"
"25% "
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How are short-term capital gains from debt-oriented Mutual Funds taxed?
"Under Section 111A of the Income Tax Act"
"At a flat rate of 15%"
"According to the investor's income tax slab"
"Exempt from taxation"
Qn. 5 / 7
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What is the holding period for short-term capital gains on debt-oriented balanced funds?
"12 months or less"
"24 months or less"
"36 months or less"
"48 months or less"
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What is Securities Transaction Tax (STT)?
"A tax on the total value of assets managed by a Mutual Fund"
"A tax levied on the purchase or sale of securities listed under recognized stock exchanges"
"A tax on the dividends distributed by Mutual Funds"
"A tax on the capital gains from long-term Mutual Fund investments"
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