Capital gail on mutual funds
This query is : Resolved
27 November 2014
Dear Sir/Madam,
I had purchased Mutual funds a some of Rs-250000/- in 2008 & nowadays they has market value of Rs-410000/-. If, I withdrawal these funds, will this attract capital gain? If, yes then what is tax rate?
Thanks
I had purchased Mutual funds a some of Rs-250000/- in 2008 & nowadays they has market value of Rs-410000/-. If, I withdrawal these funds, will this attract capital gain? If, yes then what is tax rate?
Thanks
27 November 2014
if these are equity basis then it will exempt.
if these are debt base then you can take cost index benefit. and give the LTCG @ 20%
if these are debt base then you can take cost index benefit. and give the LTCG @ 20%
27 November 2014
equity oriented is not taxable else at 20%
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