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Calculation of Capital Gains

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(Querist)
07 July 2010 How is the capital gains calculated of an individual?

If an individual has invested in shares, mutual funds, LIC and Recurring deposits, how is capital gains calculated from these instruments or sources of an individual?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
07 July 2010 Calculate gain for each seperately.

Gain from shares & mutual fund is capital gains.

Amount received on maturity of LIC is exempt u/s 10(10D)

There is no capital gain on recurring deposit. Only interest accrues. So it is taxed under income from other sources.
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Bharath Kumar

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Bharath Kumar (Expert)
12 July 2010 Gain on investment in shares and mutual funds are subject to Capital gain

LIC and Recurring deposits are not taxed under capital gain
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