Capital gains
This query is : Resolved
18 June 2012
How to compute Capital Gain on Mutual Fund Debt Scheme (FMP) held for a period of 3 Years & under what section and rate of tax?
18 June 2012
In case of investment in Debt Mutual Fund, Indexation is allowable when the units are held for a period of more than 12 months.
.
Tax Rate applicable is 20%-Section 112(1).
(Unlisted)
.
Tax Payable-
--------------
When the units are listed 10% without indexation or 20% with indexation -of capital gains, whichever is less , at the option of the assessee.
.
Tax Rate applicable is 20%-Section 112(1).
(Unlisted)
.
Tax Payable-
--------------
When the units are listed 10% without indexation or 20% with indexation -of capital gains, whichever is less , at the option of the assessee.
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