How to compute capital gain investment in sip mutul fund
This query is : Resolved
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.
Message likes :
1 times
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
