Capital gain
This query is : Resolved
07 July 2015
Dear All
Please guide
An investment made in 3 year debt based mutual fund starting from 11-Nov-2011 to 11-Nov-2014 shall be treated as Long Term or Short term?
As per the amendment made in 2014 budget, “long term capital gains are those arising on Transfer / Sale / Redemption of units held for more than 36 months”
Regards
Please guide
An investment made in 3 year debt based mutual fund starting from 11-Nov-2011 to 11-Nov-2014 shall be treated as Long Term or Short term?
As per the amendment made in 2014 budget, “long term capital gains are those arising on Transfer / Sale / Redemption of units held for more than 36 months”
Regards
07 July 2015
yes the new ammendment is applicable in this case.
07 July 2015
Dear Tushar
Please review your opinion, as I think amendment is applicable on the units sold or transferred after 10th July 2014.
It does not say anything about the date of purchase.
Regards
Please review your opinion, as I think amendment is applicable on the units sold or transferred after 10th July 2014.
It does not say anything about the date of purchase.
Regards
07 July 2015
It will be treated as Long term Capital Gains and will be taxed @ 20% after indexation.
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