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
Prof. Bajaj
(Expert)
07 July 2015
It will be treated as Long term Capital Gains and will be taxed @ 20% after indexation.
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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Working on Gold wastage during Melting of old gold jewellery
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- TDS- 2026-27 Q1 Correction
- Capital gains in IT returns
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
