Deduction on mutual funds

This query is : Resolved 

26 December 2021 Dear Sir/madam,
i"m investing in Mutual Funds and stocks every year. My deductions has exceed Rs.1,50,000. without taking these consideration. where i can get deductions on that two investments. Please answer me.

26 December 2021 No deduction allowed on these investments.
Whereas short term capital gains on such investment taxed at 15% and long term capital gains taxed at 10% with no tax upto 1 lac.

28 December 2021 Thank you for the reply sir.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query