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Capital Gain on Debt Oriented STT paid Mutual Fund

This query is : Resolved 
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(Querist)
05 July 2011 Dear Experts,



Is LTCG on sale of units of Debt funds on which STT is paid, taxable or exempt? Likewise, if theree is LTC Loss on sale of units of Debt funds on which STT is paid, eligible for carry forward to subsequent years?
Fund name is Fidelity Ultra Short Term Debt Fund
Please help, very urgent.
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
05 July 2011 No it is not exempt
Loss can be carried forward

CA MANOJ GUPTA
JODHPUR
09828510543
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