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?
CA PARAS BAFNA
(Expert)
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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