Capital gain tax on sale of mutual fund units (nri)
This query is : Resolved
15 March 2018
Dear Sir,
The investor is an NRI. There are multiple investment in the same MF in one scheme. The investments in MF have been redeemed within a year. There is gain on only one transaction and loss on other transactions at the time redemption (All units or entire investment amount). If we see overall there is a loss to the investor. But transaction level, there is short term capital gain for one transaction.
We have taxed @30% (Short Term Capital Gain Tax) on transaction where there is a gain.
The query is do we need to consider overall loss or gain / transaction level gain or loss
Thanks & Regards
Suresh
#9100497900
The investor is an NRI. There are multiple investment in the same MF in one scheme. The investments in MF have been redeemed within a year. There is gain on only one transaction and loss on other transactions at the time redemption (All units or entire investment amount). If we see overall there is a loss to the investor. But transaction level, there is short term capital gain for one transaction.
We have taxed @30% (Short Term Capital Gain Tax) on transaction where there is a gain.
The query is do we need to consider overall loss or gain / transaction level gain or loss
Thanks & Regards
Suresh
#9100497900
16 March 2018
We need to calculate the overall short term capital transactions to arrive at STCG or STCL
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