IDFC FMP 3 Year Series 5 - Securities and Exchange Board of India

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Capital(mention the tax rates as per the applicable tax laws) Gains:Long Term 10/20 %(PleaseNilNilrefer notebelow)Short Term 30%For further details on taxation please refer to theclause on Taxation in the SAINote: Surcharge and Educational cess will be payable in addition to the applicable taxes, whereverapplicable.1) Long-term capital gainsAs per section 112 of the Act, long term capital gains on transfer of units are liable to tax at the rate of20 per cent. Income tax on long term capital gains on transfer of units shall, however be limited to 10per cent of the gains computed without the benefit of indexation.Further, in case of individuals/HUF’s, being residents, where the total income excluding long termcapital gains is below the maximum amount not chargeable to tax1, then the difference between themaximum amount not chargeable to tax and total income excluding long term capital gains, shall beadjusted from long term capital gains. Therefore only the balance long term capital gains will beliable to income tax at the rate of 10/20 per cent.2) Short-term Capital GainsShort-term capital gains arising to domestic companies, are taxable at the rate of 32.445 per cent (30per cent tax plus 5 per cent surcharge2 thereon plus additional surcharge of 3 per cent by way ofeducation cess on the tax plus surcharge)Short-term capital gains arising to partnership companies are taxable at the rate of 30.9 per cent (30per cent tax plus 3 per cent by way of education cess on the tax)Short-term capital gains arising to FIIs, being foreign companies, are taxable at 31.518 per cent (30per cent tax plus 2 per cent surcharge3 on tax plus additional surcharge of 3 per cent by way ofeducation cess on the tax plus surcharge).Short-term capital gains arising to FIIs, other than foreign companies, are taxed at the rate of 30.9 (30per cent tax 3 per cent by way of education cess on the tax).Short-term capital gains arising to individuals and HUFs are taxable on progressive basis, as per therevised slabs of income effective 1 April 2010, given below:1 Effective 1 April 2011, the maximum amounts of total income, not chargeable to tax would be as under:Type of personMaximum amount of incomenot chargeable to taxWomen below 60 years, being residents Rs. 190,000Senior citizens, of 60 years but below 80Rs. 250,000years, being residentsSenior citizens, of 80 years or more, beingRs. 500,000residentsOther individuals and HUFs Rs. 180,0002 Assuming that the total income of corporate unit holder is in excess of Rs. 10,000,000 in a tax year3 Assuming that the total income of corporate unit holder is in excess of Rs. 10,000,000 in a tax year34
In case of persons other than women and senior citizens:Where total income for a tax year (Aprilto March) is less than or equal toRs. 180,000Where such total income is more thanRs. 180,000 but is less than or equal toRs. 500,000Where such total income is more thanRs. 500,000 but is less than or equal toRs. 800,000Where such total income is more thanRs. 800,000Nil10 per cent of the amount by which the totalincome exceeds Rs. 180,000Rs. 32,000 plus 20 per cent of the amount bywhich the total income exceeds Rs. 500,000Rs. 92,000 plus 30 per cent of the amount bywhich the total income exceeds Rs. 800,000In case of resident women below 60 years of age:Where total income for a tax year (Aprilto March) is less than or equal toRs. 190,000Where such total income is more thanRs. 190,000 but is less than or equal toRs. 500,000Where such total income is more thanRs. 500,000 but is less than or equal toRs. 800,000Where such total income is more thanRs. 800,000Nil10 per cent of the amount by which the totalincome exceeds Rs. 190,000Rs. 31,000 plus 20 per cent of the amount bywhich the total income exceeds Rs. 500,000Rs. 91,000 plus 30 per cent of the amount bywhich the total income exceeds Rs. 800,000In case of senior citizens (i.e. citizens of 60 years but below 80 years of age) being residentsWhere total income for a tax year (Aprilto March) is less than or equal toRs. 250,000Where such total income is more thanRs. 240,000 but is less than or equal toRs. 500,000Where such total income is more thanRs. 500,000 but is less than or equal toRs. 800,000Where such total income is more than800,000Nil10 per cent of the amount by which the totalincome exceeds Rs. 250,000Rs.25,000 plus 20 per cent of the amount bywhich the total income exceeds Rs. 500,000Rs. 85,000 plus 30 per cent of the amount bywhich the total income exceeds Rs. 800,000In case of senior citizens (i.e. citizens of 80 years of age or more) being residentsWhere total income for a tax year (Aprilto March) is less than or equal toNil35
Page 3: TABLE OF CONTENTSI. INDEXParticular
Page 7 and 8: also be no tax deduction at source
Page 9 and 10: C. SPECIAL CONSIDERATIONS, if anyAl
Page 12 and 13: (57 of 1955) or c) the person is a
Page 15 and 16: The money markets in India essentia
Page 17 and 18: 1. Financial statement analysis•
Page 19 and 20: trust or fee and expenses payable o
Page 21 and 22: shall not borrow more than 20% of t
Page 23 and 24: AllotmentFull allotment will be mad
Page 25 and 26: Where can you submit the filled up
Page 27 and 28: ecords. Disbursement of such loans
Page 29 and 30: iv) For any negligence / mistake or
Page 31 and 32: Minimum Application Amount (subscri
Page 33: the scheme shall be endeavored to b
Page 37 and 38: Investor servicesInvestor Relations
Page 39 and 40: ___________________________________
Page 41 and 42: V. RIGHTS OF UNITHOLDERSPlease refe
Page 43 and 44: REGISTRAR:Computer Age Management S
Page 45 and 46: AmritsarAnandAsansolAurangabadBelga
Page 47 and 48: RaipurRajahmundryRajkotRanchiC-24,S
Page 49 and 50: DeogharAhmednagarPorbandarSurendran
Page 51 and 52: MogaAgartalaGroundFloorAdjoining TA
Page 53: ThiruvallaAlleppeyCentralTower, Abo

IDFC FMP 3 Year Series 5 - Securities and Exchange Board of India

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