Debt funds (mutual)
This query is : Resolved
24 June 2014
There is a long term capital gain on the sale of debt mutual funds
what is the taxability of it and is it exempt from Tax?
what is the taxability of it and is it exempt from Tax?
Nikhil Kaushik
(Expert)
24 June 2014
it is not exempt...normal capital gains at 20%
Rupesh Jain
(Expert)
25 June 2014
you can take indexation benefit and pay LTCG @ 20%+cess
25 June 2014
if the indexation benefit is not taken then what is the rate??
and is there any provision that
we should take lower of 10%(without indexation) or 20% *with indexation)
and is there any provision that
we should take lower of 10%(without indexation) or 20% *with indexation)
Nikhil Kaushik
(Expert)
25 June 2014
yes. you can opt for 10% option also. please refer proviso to section 112
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GSTR9 Annual Return
- Employee secondment
- Ito add credit side of bank
- Gift to nri relatives resides in usa
- IMS (import of goods) ITC related
- Capital Gains Tax on Inherited Mutual Fund
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Import of Capital Machine
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
