Capital gains
This query is : Resolved
05 October 2017
Hai everyone,
Query in the form of example: I have purchased Mutual funds in the month of June 2012. i am getting daily dividend on such mutual funds which will be reinvested in those mutual funds daily. i have sold the entire Mutual funds in the month of Oct 2016. What will be my Capital gains?
Particulars Date Amount
If Purchases June 2012 12,00,000
Dividend reinvested June 2012 to March 2013 40,000
Dividend reinvested April 2013 to Oct 2013 15,000
Dividend reinvested Nov 2013 to March 2014 35,000
Dividend reinvested April 2014 to March 2015 60,000
Dividend reinvested April 2015 to March 2016 85,000
Dividend reinvested March 2016 to Oct 2016 43,000
Sales Oct 2016 15,00,000
Mutual funds what i have purchased are debt funds.
Thank You.
^_^
Query in the form of example: I have purchased Mutual funds in the month of June 2012. i am getting daily dividend on such mutual funds which will be reinvested in those mutual funds daily. i have sold the entire Mutual funds in the month of Oct 2016. What will be my Capital gains?
Particulars Date Amount
If Purchases June 2012 12,00,000
Dividend reinvested June 2012 to March 2013 40,000
Dividend reinvested April 2013 to Oct 2013 15,000
Dividend reinvested Nov 2013 to March 2014 35,000
Dividend reinvested April 2014 to March 2015 60,000
Dividend reinvested April 2015 to March 2016 85,000
Dividend reinvested March 2016 to Oct 2016 43,000
Sales Oct 2016 15,00,000
Mutual funds what i have purchased are debt funds.
Thank You.
^_^
K Srinivas, CMA CS
(Expert)
05 October 2017
Dividends are tax exempt. dividends reinvested in a scheme on a particular day will be treated as Fresh purchases and incidence of capital gains from any sale of such funds will be determined on basis of this date only.
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K Srinivas, CMA CS
(Expert)
05 October 2017
In case of equity mutual fund investments, All the dividends received and reinvested by you till September 2015 will be long term in nature as youhave redeemed the investments in October 2016.
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K Srinivas, CMA CS
(Expert)
05 October 2017
In case of debt mutual fund investments, All the dividends received and reinvested by you till September 2013 will be long term in nature as you have redeemed the investments in October 2016
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K Srinivas, CMA CS
(Expert)
05 October 2017
purchases after Sep 2015 (in case of equity mf) and Sep 2013(in case of debt fund investments), will be treated as short term
06 October 2017
Thank You very much Mr. K Srinivas
My doubt has been cleared.
My doubt has been cleared.
K Srinivas, CMA CS
(Expert)
06 October 2017
Welcome Ravi Teja Sir
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