How to working of shares & mutual fund , bonds ?
This query is : Resolved
02 August 2016
Dear Sir,
What is the simple working format for Shares & Mutual Fund , Bonds, Income tax purpose?
which is taxable & which is not taxable ?
What is the simple working format for Shares & Mutual Fund , Bonds, Income tax purpose?
which is taxable & which is not taxable ?
06 November 2016
Capital Gains Indian listed equity shares are tax free if held for more than 365 days. If held for less than 365 days, STCG tax of 15% is payable.
Same taxation applies for Equity oriented Mutual Funds.
Capital Gains on Debt Mutual Funds are taxed as per slab rates if sold before 3 years. If sold after 3 years, then 20% tax on capital gains using indexation.
For Bonds, capital gains is taxed as per slab rate if sold before 1 year. If sold after 1 year, then 10% tax without indexation or 20% tax with indexation.
Same taxation applies for Equity oriented Mutual Funds.
Capital Gains on Debt Mutual Funds are taxed as per slab rates if sold before 3 years. If sold after 3 years, then 20% tax on capital gains using indexation.
For Bonds, capital gains is taxed as per slab rate if sold before 1 year. If sold after 1 year, then 10% tax without indexation or 20% tax with indexation.
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Regarding Applicability of Tax Audit u/s 44AB
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
