28 July 2010
Sir, How to compute capital gains of Liquid mutual funds.? For eg: Amount invested on 1-4-09 in Liquid fund is 20 Lacs and in 30-10-09 is 8 lacs. Dividend accruing(daily)from these funds are again reinvested in those fund.Amount redeemed on 15-11-09 is 10 Lacs and on 10-2-10 is 11 lacs. And the remaining amount in the fund redeemed in the next year say,30-4-2010. How to Compute capital gains from these transactions.? What is the tax implication for the dividend accruing from the funds? Shall it be treated as income for this year? Waiting for the reply
28 July 2010
If you have demat a/c with ICICI direct, in which you have made transaction, then you will get all data by clicking on capial gain on MF, Capital Gain Shares, Dividedn Reinvest.These facilites are introudced by ICICI recently by which you have get all data automatically for return purpose.
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