1. a)For sale of mf units from an equity oriented scheme (held for more than 12 months), how to determine whether STT has been paid or not? OR is STT deducted by default and hence all redemptions from equity oriented scheme are exempt? b) If the above is chargeable under CG, whether indexation benefit is available for the same. c) What is the rate of CG tax to be charged on the above transaction?
2. a) For sale of units from a debt oriented fund (held for more than 12 months), if after indexation, there is a LT capital loss, can the loss be carried forward OR is STT required to be paid for carrying forward the loss? b) How to determine if STT has been paid or not?
3. Does the following amount to transfer? a) Switching units from one equity scheme to another equity scheme? b) switching units from debt scheme to equity scheme? c) Switching units between schemes through a Systematic transfer plan?
Please quote the relevent sections based on which you give the answers.
Thanks.
CAclubindia
