I made a withdrawal from my account or sold investments this year. Do I owe taxes?

Probably. In addition to owing taxes on any dividends you may receive, you may also owe taxes on any gains your investments made while you’ve had them if you’ve made a withdrawal from your Capitalyze® standard account. That’s because they may have gained value beyond the money you put in.

Timing matters here. Gains on investments you’ve held for a shorter period (short-term capital gains) are generally taxed at a higher rate than gains on investments you’ve held longer (long-term capital gains). That’s part of why it really can pay off to invest in the long term.

The exact rates, holding periods and exemption thresholds depend on the type of fund and can change with each Finance Act, so check with your CA or a tax professional, or visit the Income Tax Department website (incometax.gov.in), to determine what applies to you.