capital gains
This query is : Resolved
03 April 2009
dear all
pls tell me at what rate short term/long term capital gain on sale of mf units/(equity oriented/debt fund)eq. shares is taxed.
pls tell me at what rate short term/long term capital gain on sale of mf units/(equity oriented/debt fund)eq. shares is taxed.
04 April 2009
Equity oriented fund
Short term 10%.
Long Term - Exempt.
Debt oriented fund
Short term - included in your income
Long Term - 20%
Short term 10%.
Long Term - Exempt.
Debt oriented fund
Short term - included in your income
Long Term - 20%
04 April 2009
MF Units / Eq Shares
Short Term 15% [ if STT Paid other wise regural rate of Tax & inclued in your regurlar income ]
Long Term : Exempt [ more then 365 days holding ]
Short Term 15% [ if STT Paid other wise regural rate of Tax & inclued in your regurlar income ]
Long Term : Exempt [ more then 365 days holding ]
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