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Capital gain tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2011 Hi,

If a company (investor) has made capital gains on Selling the mutual fund units, how it will be the taxed?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 September 2011 In case of a debt fund STT is not paid on sale and hence it is treated as sale of any asset other than shares and in case of equity oreinted fund it would be treated as sale of shares where LTCG is exempt u/s 10(38) and STCG taxed at 15% u/s 111A.
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