Section 111A (STCG of DEBT Mutual Fund) (Income Tax)

This query is : Resolved

Jyotika

( Author )
17 January 2011

Dear Sirs,

Kindly Clarify whether Short Term Capital Gains (STCG) of DEBT MUTUAL FUND comes under Section 111A or not. Where should I mention this in ITR-2 whether in (3ai) or (3aii)? Please clarify.

STCG of DEBT MUTUAL FUND is clubbed with Total Income and Tax is calculated as per the Tax Slabs.

Is the above is correct? Should I mention this in (3ai) or (3aii) of ITR-2. Please reply.

Jyotika

Ravikant

( Expert )
17 January 2011

It falls under section 111A and will be taxable at special rate of 15% (section code : 1A)

CA PARAS BAFNA

( Expert )
17 January 2011

Debt Mutual Funds :

STCG of DEBT MUTUAL FUND is clubbed with Total Income and Tax is calculated as per the Tax Slabs.
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In Form No 2 - Part B TI-3aii