Tax Guidance: Form 15H and Mutual Fund Transfer Rules

If you're a senior citizen with less than ₹12 lakh in income from things like pensions, interest, and dividends, you can avoid tax withholding by using Form 15H.

Transferring investments, like mutual fund units, to family members is usually tax-free at the time of the transfer.

However, if your family members sell those investments later, they might have to pay taxes then.

Changing the order of ownership of mutual fund units between spouses also doesn't trigger taxes.