indexation on debt oriented fund of mutual fund

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CA Vishal Harsora (Querist)
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27 June 2011 sir
whether indexation is applicable on debt oriented fund of mutual fund which are growth plan or not ?

Aditya Maheshwari (Expert)
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27 June 2011 Yes indexation is available as the LTCG is taxable and not exempt u/s 10(38).

CA Vishal Harsora (Querist)
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27 June 2011 but sir in which section it is specify ?

Aditya Maheshwari (Expert)
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27 June 2011 section for computing.

Also no STT is paid on sale and hence the resultant gain is taxable.

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