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?
24 June 2014
it is not exempt...normal capital gains at 20%
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)
25 June 2014
yes. you can opt for 10% option also. please refer proviso to section 112
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