How to compute capital gain investment in sip mutul fund
This query is : Resolved
Kollipara Sundaraiah
(Querist)
27 February 2023
sir,
It assessee investment in sip(mutul fund) rs:2500/-*8 total rs:20,000/- per every month paid.
Question:
Assessee how to calculate tax of sip (mutul fund) and how to show procedure in it returns.
It assessee investment in sip(mutul fund) rs:2500/-*8 total rs:20,000/- per every month paid.
Question:
Assessee how to calculate tax of sip (mutul fund) and how to show procedure in it returns.
27 February 2023
Depends upon nature of mutual fund scheme, whether equity oriented or debt oriented.
Depending upon the sell of units purchased before 12 months, it will be treated as LT cap gain, otherwise ST cap gain.
Similarly for debt-oriented units being sold, the holding period is calculated based on 36 months.
Each SIP in different scheme is to be treated separately.
Depending upon the sell of units purchased before 12 months, it will be treated as LT cap gain, otherwise ST cap gain.
Similarly for debt-oriented units being sold, the holding period is calculated based on 36 months.
Each SIP in different scheme is to be treated separately.
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