Calculation of Capital Gains
This query is : Resolved
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?
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?
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.
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.
Message likes :
1 times
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
LIC and Recurring deposits are not taxed under capital gain
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- Supply through E-commerce Operators
- Merchant Export Accounting
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
